05/16/2025

With Moody's Downgrade, U.S. Loses Treasured Aaa Credit Rating

This is the first time it's been downgraded in over a century

Moody's on Friday downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest "that are significantly higher than similarly rated sovereigns."

President Donald Trump's sweeping tax bill failed to clear a key procedural hurdle on Friday, as hardline Republicans demanding deeper spending cuts blocked the measure in a rare political setback for the Republican president in Congress.

As written, the bill would add trillions of dollars to the federal government's $36.2 trillion in debt over the next decade.

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