🇺🇸 **The U.S. just lost its last pristine credit rating. What that means for markets.**

_“On Friday, Moody’s said successive U.S. administrations and Congress have failed to agree on measures to reverse a trend of large annual fiscal deficits and growing interest costs, adding that it doesn’t believe that current fiscal proposals under consideration will result in significant multiyear reductions in mandatory spending and deficits.”_

🔗 https://www.marketwatch.com/story/u-s-loses-final-triple-a-credit-rating-market-reaction-uncertain-but-its-not-good-news-3c628265.

#USA #US #UnitedStates #Credit #Debt #Markets #Economics @economics