Moody's Shakes Markets with US Credit Downgrade
Published on: May 17, 2025, 5:05 a.m. | Source: Devdiscourse
Moody's has downgraded the U.S. sovereign credit rating, citing concerns over the nation's soaring $36 trillion debt. This unexpected move could affect President Trump's tax cut plans and global markets. The agency pointed to unaddressed fiscal deficits and rising interest payments as contributing factors, sparking widespread criticism.
