of his first budget which is supposed to start from October 2025 to the end of September 2026.
Furthemore, the reason why Moody downgraded US is because of the growing burden of financing the federal government's budget deficit and the rising cost of rolling over existing debt due to high interest rates.
Both were caused by Biden admin in the last 4 years. Just check FY2022,FY2023,Fy2024 and FY2025 budgets and the inflation during that period which forced Fed to increase interest rate which led to higher payments to the national debts (close to 1T annually).
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