Reported about 14 hours ago
The White House criticized Moody's Ratings for downgrading the US credit rating from Aaa to Aa1, deeming the decision politically motivated and influenced by economist Mark Zandi's criticisms of the Trump administration. Moody's cited rising federal debt and fiscal deficits as reasons for the downgrade, which casts doubt on the US's status as a top borrower. Former officials questioned the timing and assumptions behind Moody's decision as lawmakers push for a tax package that could further increase deficits.
Source: YAHOO