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Tag: debt ceiling debate
Moody’s Downgrade Sparks Debate Over U.S. Debt, Governance, and Economic Stability
On May 16, 2025, Moody’s downgrade the United States’ sovereign credit rating from Aaa to Aa1, marking the first time all three major credit rating agencies have placed the U.S. below the top-tier status. This decision reflects growing concerns over the nation's escalating debt, projected to reach $36 trillion, and the political gridlock hindering effective fiscal management.