Reported about 14 hours ago
Moody's recent downgrade of the US sovereign credit rating has amplified investor fears regarding the country's escalating $36 trillion debt, potentially inciting bond market investors to call for stricter fiscal measures. This downgrade, the last among major ratings agencies, raises concerns about higher borrowing costs, especially as Congress negotiates a sweeping tax-cut bill that could significantly increase national debt. Market specialists warn that without rigorous fiscal reforms, the US may continue on an unsustainable financial path.
Source: YAHOO