Reported about 15 hours ago
Moody's has downgraded the US credit rating from Aaa to Aa1, marking the loss of its last top credit rating and reflecting concerns over increasing debt and deficits. This follows similar actions by Fitch and S&P Global Ratings. The downgrade comes amid ongoing political conflicts around fiscal policies and heightened government spending, contributing to a yearly budget deficit nearing $2 trillion. While the White House criticized the decision as politically motivated, financial markets responded with rising Treasury yields.
Source: YAHOO