Dossier
projected deficits
Coverage of projected deficits in the Nexus archive.
- New York City Spared Downgrade by Fitch and Moody’s, for Now
New York City avoided a debt downgrade by Fitch and Moody’s, but both credit-rating companies warned the city needs to address projected deficits to prevent future cuts. The city’s avoidance of the downgrade comes despite ongoing financial challenges, with Wall Street’s current boom not fully offsetting fiscal risks.