U.S. debt no longer earns a top grade at any of the major credit rating agencies after Moody’s downgrade
The explosion of debt in recent years finally led Moody’s to downgrade U.S. credit on Friday evening, meaning federal debt no longer gets a top grade at any of the major rating agencies. Moody’s cut the U.S. one rung to Aa1 from AAA, after it sounded the alarm on the deteriorating fiscal situation in March. In […]