Reported about 10 hours ago
Moody's recent downgrade of the U.S. credit rating has heightened investor fears over the country's escalating debt, currently at $36 trillion. Amid ongoing discussions in Congress over a substantial tax and spending bill, the downgrade serves as a warning of potential higher borrowing costs and the risk of further fiscal irresponsibility. While the White House downplays the concerns, experts suggest the bill could significantly increase the nation's debt, leading to continued anxieties in the bond market.
Source: YAHOO