It's Monday and no deal in sight to keep the federal government open after Friday.

I'm David Brancaccio in New York.

The money runs out this Friday for the federal government if there's no agreement by then the government

shuts down this is all affecting the US credit rating.

Marketplace is Nancy Marshall Genser has this update.

There has been some progress.

House Speaker Mike Johnson has unveiled a two-part stopgap funding bill to keep the government

going temporarily.

The first part expires in January, the second last until February, the Senate is working on its own

funding measure. The two houses have to pass the same legislation, then send it to the

White House for President Biden's signature, all before Friday.

All the foot dragging and drama led the ratings agency Moody's

to lower its outlook on the US credit rating to negative from stable.

Moody's issued a statement blaming the move on what it called continued political

polarization in the US. It said that raises the risk that quote successive

governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability.

It's gotten much more expensive for the federal government to borrow because interest rates

have risen.

Moody's did not downgrade the U.S. credit rating. It's still at Moody's highest

AAA level, but other credit rating agencies like Fitch have lowered their ratings to

double A plus. I'm Nancy Marshall Genser for Marketplace. This marketplace podcast is supported by Principal Financial Group.

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