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flag S&P affirms US credit rating, citing tariffs may offset fiscal challenges from tax cuts and spending.

flag S&P Global Ratings has affirmed the US's credit rating at AA+/A-1+, citing that the Trump administration's tariffs are expected to offset fiscal challenges from recent tax cuts and increased spending. flag Despite a Congressional Budget Office forecast predicting a $3.4 trillion increase in the deficit over the next decade, S&P maintains a stable outlook, suggesting tariffs will help balance the fiscal impact. flag However, the agency warns that high deficits and political issues could pressure the rating and the dollar's role as the world's leading reserve currency in the next two to three years.

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