In a sure sign that President Donald Trump is ushering the U.S. into a new Golden Age, Moody’s became the third and final credit ratings agency to downgrade America’s rating on Friday, citing rising debt and interest payments, as well as dysfunction in Washington D.C.
Downgrading America’s financial outlook from “stable” to “negative,” Moody’s pointed the finger at lawmakers, saying, “Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs.”
In doing so, the agency joined its fellow ratings agencies in removing the United States’ former top triple-A status; Fitch downgraded the U.S. in 2023, and S&P did so back in 2011, where it has remained at AA+ ever since.
The post Moody’s Downgrades America’s Credit Rating Over D.C. Dysfunction appeared first on The Daily Beast