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Moody’s Downgrades US Credit Rating For First Time In Over A Century Pressuring Trump Agenda
The downgrade marks the end of an era: Moody’s had maintained a pristine “Aaa” rating on the United States since first assigning it in 1919. It is the last of the three major credit rating agencies to lower its assessment of U.S. creditworthiness, following earlier cuts by Fitch and Standard & Poor’s.
Long-term US borrowing costs surged to their highest level since late 2023 on Monday, as a fresh downgrade of the country’s ...
The move came as Republicans seek to approve a large package of tax cuts, spending hikes and safety-net reductions which ...
White House National Economic Council Director Kevin Hassett criticized Moody’s Ratings over its decision to lower the US ...
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal ...
Wall Street stocks edged higher Monday (May 19) after shrugging off a spike in US Treasury bond yields following Moody's ...
The yield on both 10 and 30-year government bonds rose on Monday after another credit ratings agency downgraded the US on ...
Gold prices drifted higher on Monday, steered by a softer dollar and safe-haven demand after Moody's downgraded the U.S.
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