EXCLUSIVE Rating agencies say Biden's spending plans will not add to inflationary pressure

[demmiblue]

Source: Reuters

Nov 16 (Reuters) - U.S. President Joe Biden's infrastructure and social spending legislation will not add to inflationary pressures in the U.S. economy, economists and analysts in leading rating agencies told Reuters on Tuesday.

Biden has spent the past few months promoting the merits of both pieces of legislation - the $1.75 trillion "Build Back Better" plan and a separate $1 trillion infrastructure plan. read more

The two pieces of legislation "should not have any real material impact on inflation", William Foster, vice president and senior credit officer (Sovereign Risk) at Moody's Investors Service, told Reuters.

The impact of the spending packages on the fiscal deficit will be rather small because they will be spread over a relatively long time horizon, Foster added.

Read more: https://www.reuters.com/world/us/exclusive-rating-agencies-say-bidens-spending-plans-will-not-add-inflationary-2021-11-17/

[JohnSJ]

1. For better or worse, it will come down to what the CBO says. The inflation we see now is

due to the mis-handling of the pandemic of the previous administration, along with the trade wars, which led to the backup at the docks, and the shortages and caused prices to increase

supply and demand. As the dock backlogs are cleared up, and more people are going back to work, I I suspect inflation will come down

[Rebl2]

5. You are

so right

[Alexander Of Assyria]

2. Agencies always mum when there's huge flow of money to corporations and billionaires

But right on it when The People are the benefactors.

[padah513]

3. If this and the CBO score pan out, don't worry

Sen. Manchin will find another excuse to move the goal post.

[Rebl2]

6. YEP

[liberalla]

4. Good news!

[calimary]

7. I just hope more people hear about the FACTS.

And NOT the republi-CONjob.