Reported 1 day ago
Moody's has downgraded the U.S. sovereign credit rating from 'Aaa' to 'Aa1' due to worries about the nation's escalating debt, which has reached $36 trillion. The decision reflects concerns over persistent fiscal deficits and increasing interest costs, and could complicate President Trump's tax-cutting efforts. Critics have labeled the downgrade as outrageous, arguing it indicates a misperception of U.S. backed bonds. This move follows similar actions by other credit agencies and may lead to higher borrowing costs amid ongoing uncertainty in U.S. financial markets.
Source: YAHOO