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Moody’s Downgrades U.S. Credit; Senators Demand Spending Cuts

5/19/2025

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Summary

Story summary

Moody’s has lowered the U.S. credit rating from triple-A to Aa1, raising alarms over escalating debt and interest payments. In response, Utah Senators Mike Lee and John Curtis are urging immediate spending cuts and entitlement reforms, stressing that without fiscal responsibility, the nation’s deficits will only deepen in the coming decade.

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Story summary

Moody’s has lowered the U.S. credit rating from triple-A to Aa1, raising alarms over escalating debt and interest payments. In response, Utah Senators Mike Lee and John Curtis are urging immediate spending cuts and entitlement reforms, stressing that without fiscal responsibility, the nation’s deficits will only deepen in the coming decade.