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Moody's Downgrades U.S. Credit Rating Amid Political Tensions

5/18/2025

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Summary

Story summary

Moody's has downgraded the U.S. credit rating from Aaa to Aa1, citing concerns over $36 trillion in debt.
White House communications director Steven Cheung criticized Moody's economist Mark Zandi, calling him a political adversary of Trump.
Congressional lawmakers are developing a tax package backed by Trump, encountering resistance from both conservatives and Democrats.
Trump has remained silent on the credit downgrade during his overseas trip.

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Story summary

Moody's has downgraded the U.S. credit rating from Aaa to Aa1, citing concerns over $36 trillion in debt.
White House communications director Steven Cheung criticized Moody's economist Mark Zandi, calling him a political adversary of Trump.
Congressional lawmakers are developing a tax package backed by Trump, encountering resistance from both conservatives and Democrats.
Trump has remained silent on the credit downgrade during his overseas trip.