Lates News

Moody's has downgraded the United States' credit rating from AAA to AA1. Moody's stated that the downgrade reflects the increase in government debt; by 2035, the burden of the US federal debt is expected to rise to 134% of GDP; it is projected that by 2035, the US federal government deficit will reach 9% of GDP; adjustments made in response to tariffs may slow down GDP growth.