MOODY'S CUTS AMERICA'S PRISTINE CREDIT RATING, CITING RISING DEBT
https://media.zenfs.com/en/reuters-finance.com/86fba47b89f551e3ca12289b25c4c334
✍️ Moody's downgraded the US sovereign credit rating due to concerns about the nation's growing debt pile, which could complicate President Trump's efforts to cut taxes and send ripples through global markets.
👉 Moody's downgraded the US sovereign credit rating from 'Aaa' to 'Aa1' 👉 The US debt pile has risen to $36 trillion 👉 The downgrade follows a change in Moody's outlook on the US in 2023 due to wider fiscal deficits and higher interest payments 👉 President Trump's efforts to cut taxes may be complicated by the downgrade 👉 The downgrade could send ripples through global markets
-- #DonaldTrump #StephenMoore #StevenCheung #MarkZandi #ScottBessent #ElonMusk #DarrellDuffie #ChuckSchumer #BrianBethune #SpencerHakimian #JayHatfield #politics
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