U.S. Loses Last Triple-A Credit Rating
Thanks, Trump.
Expanding budget deficits mean U.S. government borrowing will rise at an accelerating rate, pushing interest rates up over the long term, Moody’s said. The firm said Friday that it didn’t believe that any current budget proposals under consideration by lawmakers would do anything significant to reduce the persistent gap between government spending and revenues. The move strips the U.S. of its last remaining triple-A credit rating from a major ratings firm, following similar cuts by Fitch Ratings in 2023 and S&P Global Ratings in 2011. Moody’s downgraded the U.S. to Aa1, a rating also held by Austria and Finland.
| by Anonymous | reply 11 | May 17, 2025 6:39 AM
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Swell. New debt will be more expensive. Way to go, Trump.
| by Anonymous | reply 1 | May 16, 2025 11:41 PM
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Hard times, the likes of which have never been seen before, are a coming
| by Anonymous | reply 2 | May 16, 2025 11:45 PM
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Who's he going to rant about now? His only response to literally anything is to personalize it (he doesn't like the interest rate, he goes after the Fed chief, etc.). I wonder what unhinged, vein-popping insult vomit on a specific person we're going to be treated to in the next hour.
| by Anonymous | reply 5 | May 16, 2025 11:54 PM
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Lemme try, though.
Loser MOODY which is failing in every possible way is anti-TRUMP and ANTI-AMERICAN. They don't want to MAGA! SAD! As a genius businessman, I know the sad losers behind this are trying to "86" your Favorite President just like Traitor COMEY who put out a HIT on me!!
| by Anonymous | reply 6 | May 16, 2025 11:57 PM
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THERE 👏 WILL 👏 BE 👏 NO 👏 MORE 👏 FISCAL 👏 RESPONSIBILITY 👏
| by Anonymous | reply 7 | May 17, 2025 12:00 AM
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Make America Third-Rate Again!
| by Anonymous | reply 9 | May 17, 2025 1:44 AM
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The new budget bills with huge giveaways to the wealthy will increase the debt by $5 trillion.
Who’s even counting anymore?
| by Anonymous | reply 10 | May 17, 2025 4:12 AM
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That's the joke, r10. All that DOGE hoopla and massive destruction to programs that so many rely on and hardly cost anything compared to the total budget, all to give cover to this massive tax giveaway to billionaires. Notice, no Republican is even saying the words "let's find a mix of spending reductions and targeted tax increases to get ourselves out of this hole".
| by Anonymous | reply 11 | May 17, 2025 6:39 AM
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