Reported about 9 hours ago
Maryland has lost its triple-A bond rating from Moody's, a designation it held for over 50 years, now downgraded to Aa1. The downgrade, attributed to economic underperformance and federal policy vulnerabilities, has political leaders blaming each other. Democrats, including Governor Wes Moore, cited the impact of former President Trump's federal layoffs, while Republicans criticized the state's spending policies. Despite the downgrade, Maryland maintains one of the highest credit ratings in the nation, having just addressed a significant budget deficit.
Source: YAHOO