Ratings agency Moody's said on Tuesday that the U.S.' fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable. The agency said in a report that the country's fiscal health deteriorated further since Moody's lowered its outlook on the U.S. triple-A rating in November 2023. The report comes amid heightened uncertainty in U.S. financial markets as President Donald Trump's decision to impose punitive tariffs on key trading partners has sparked investor fears of higher price pressures and a sharp economic slowdown.