Reported 3 months ago
Moody's downgraded the United States' credit rating from Aaa to Aa1 due to escalating debt levels and higher interest costs compared to similar countries. This decision arrives amidst political gridlock in Congress over President Trump's proposed tax cuts, which could significantly increase the national debt. Financial experts warn this downgrade reflects a concerning outlook on U.S. fiscal policies and potential long-term consequences for borrowing costs.
Source: YAHOO