Moody's Downgrades US Credit Rating to 'Negative' on Fiscal Deficits and Debt Concerns

The credit agency Moody’s has revised the United States credit outlook to “negative” from “stable” due to concerns over persistent large fiscal deficits and diminishing debt affordability. The announcement follows a previous downgrade by Fitch and reflects ongoing apprehension among investors about federal spending and political discord. Moody’s Marks U.S. Credit Negative; Biden Administration Challenges […]