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Moody's strips U.S. government of top credit rating, citing Washington's failure to rein in debt
The financial ratings firm lowered the U.S. credit rating from the gold-standard Aaa to Aa1. It said it expected federal deficits to widen, mostly due to increased interest payments on debt, rising entitlement spending and relatively low revenue generation.
White House communications director Steven Cheung criticized Moody's choice to downgrade the U.S. sovereign credit rating due ...
The downgrade from Moody’s means that each of the three major credit rating agencies no longer gives the United States its ...
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