Breaking News: Moodys Downgrades US Credit Rating Due to Surge in Government Debt
Summary The downgrade of the United States sovereign credit rating by Moody’s Investors Service from its historic top-tier Aaa rating to Aa1 in May 2024 marked a significant shift in the nation’s fiscal standing. Moody’s, one of the “Big Three” credit rating agencies, cited the sustained surge in government debt and rising interest payment burdens […]