💨 Abstract

Moody's downgraded the U.S. government's credit rating from AAA to Aa1, citing long-term debt increases and political instability. This move, following similar actions by Fitch and S&P, could impact financial markets and raise interest rates. The downgrade was influenced by the U.S.'s rising debt levels and political divisions, including near-defaults and leadership turmoil. Despite the downgrade, Moody's views the U.S.

Courtesy: wtop.com