U.S. Stripped of Final Triple-A Credit Rating
Moody's Credit Rating Agency made headlines yesterday by downgrading the United States' sovereign credit rating. This decision stemmed from apprehensions regarding the nation’s escalating $36 trillion debt. Such a move could pose challenges for President Donald Trump as he seeks to implement tax cuts, potentially sending shockwaves through global markets.
Historically, Moody's awarded the United States its esteemed Triple-A rating back in 1919. Now, it stands as the final major credit agency to execute a downgrade.
The…