The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.
    • markovs_gun@lemmy.world
      2·
      22 hours ago

      This is a team effort that’s been decades in the making. S&P down downgraded us in 2011 and Fitch downgraded us in 2023. Neither party is interested in reducing the national debt, and the American public are too stupid to understand that you need to raise taxes to pay down debt. To blame this merely on Trump and the Republicans is missing the big picture, although Trump is definitely making things way worse