Reported 1 day ago
Moody's has downgraded the U.S. credit rating from AAA to Aa1, meaning federal debt no longer holds a top grade at any major credit agency. The downgrade reflects rising government debt levels and increasing interest payments compared to similarly rated countries. This situation comes amid ongoing fiscal challenges with proposals that may add to the deficit, and a growing concern over the U.S. fiscal performance relative to its history and other nations.
Source: YAHOO