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- US policy direction is not likely to change significantly following the November 6 US midterm elections, says Moody's Investors Service
US policy direction is not likely to change significantly following the November 6 US midterm elections, says Moody's Investors Service
US policy direction is not likely to change significantly following the November 6 US midterm elections, says Moody's Investors Service in a new report. The rating agency expects President Donald Trump's administration to continue to drive federal policy in the key areas of trade, healthcare and immigration over the next two years, with varying credit impact across sectors.
"Amid high levels of political polarization, passing major legislation through a split Congress will be challenging and we expect the administration will likely continue to advance its policy goals using executive powers and administrative rulemaking rather than seeking legislative action," says Rebecca Karnovitz, a Moody's assistant vice president. "However, the likelihood of increased congressional scrutiny over the administration, led by the House, will slow the pace at which the executive branch can implement its agenda."
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