Moody’s downgrade amid rising debt intensifies fears over US fiscal future
Moody’s has stripped the US of its pristine triple-A rating, becoming the latest ratings agency to downgrade the US economic outlook over concerns about the nation's $36 trillion in debt. The move came as Republicans seek to pass a sweeping package of tax cuts for the wealthy and reductions in social programmes that could add trillions to the deficit.
Moody’s has stripped the US of its pristine triple-A rating, becoming the latest ratings agency to downgrade the US economic outlook over concerns about the nation's $36 trillion in debt. The move came as Republicans seek to pass a sweeping package of tax cuts for the wealthy and reductions in social programmes that could add trillions to the deficit.
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