Moody’s downgrade amid rising debt intensifies fears over US fiscal future

Moody’s has stripped the US of its pristine triple-A ranking, turning into the newest rankings company to downgrade the US financial outlook over issues in regards to the nation’s $36 trillion in debt. The transfer got here as Republicans search to go a sweeping bundle of tax cuts for the rich and reductions in social programmes that might add trillions to the deficit.



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