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Tag: national debt crisis
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.
America’s Looming Fiscal Reckoning: Legal, Historical, and Policy Analysis of a Growing National Crisis
In recent months, a growing chorus of policymakers, economists, and civic leaders have raised alarms about the United States’ unsustainable fiscal trajectory. Former New York City Mayor and business leader Michael Bloomberg recently contributed to this debate, emphasizing that the United States is "heading for a grim fiscal reckoning" if swift and structural reforms are not enacted (Bloomberg, 2025). This article expands upon Bloomberg's warning by offering a comprehensive, politically balanced, and legally grounded analysis of the issue.