The United States may face another rating downgrade next year due to the debt ceiling deadlock.

On June 24, Gennadiy Goldberg, head of U.S. Intrerest Rate Strategy at TD Securities, said that the possible debt ceiling impasse in the United States next year may be the worst since the 2011 crisis, which may trigger another downgrade of sovereign credit ratings. The U.S. Congress has suspended the debt ceiling until January 1, 2025, although earlier this week the Congressional Budget Office (CBO) forecast that the deficit would jump to $1.915 trillion in fiscal year 2024 and $1.938 trillion in fiscal year 2025, adding to concerns about the U.S. debt rise. "When the U.S. credit rating was downgraded again… Probably as soon as next year, we will feel some pressure on politicians for the first time. Goldberg said S&P is likely to downgrade the U.S. sovereign rating by another notch, this time from AA+ to AA.