Moody's Downgrades US Credit Rating Amid Fiscal Concerns
Moody's Investors Service has officially downgraded the United States' credit rating from AAA to Aa1, reflecting deepening concerns over the nation's rising debt, which currently stands at $36 trillion. This marks a significant shift, as it is the first downgrade since 1919, following similar actions by S&P and Fitch.
The agency cited a lack of substantial fiscal reforms and an ongoing trend of large annual deficits. The downgrade coincides with President Trump's proposed tax cuts, which could exacerbate the deficit by over $5 trillion in the next decade.
While the immediate impact on debt markets may be limited, the decision underscores the urgent need for effective fiscal management, stirring unease among investors and impacting market dynamics.
The press radar on this topic:
America has officially lost its final AAA credit rating TheStreet Daily Newsletter
Markets reel after Moody’s strips US of perfect credit score again
Moody’s cuts US credit rating, Bitcoin doesn’t flinch
Welcome!

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand