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Jolly Platypus@lemm.eeM to Trump Watch@lemm.eeEnglish · 2 days ago

US completely loses perfect credit rating for first time in over a century

www.newsweek.com

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US completely loses perfect credit rating for first time in over a century

www.newsweek.com

Jolly Platypus@lemm.eeM to Trump Watch@lemm.eeEnglish · 2 days ago
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The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.
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  • Highlybaked@lemm.ee
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    7 hours ago

    Excellent news

  • Zachariah@lemmy.world
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    2 days ago

    • No_Ones_Slick_Like_Gaston@lemmy.world
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      6 hours ago

      He did that!

  • Nunar@lemmy.world
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    2 days ago

    Of course they do. They’re run by a bunch of dipshit weirdos who don’t pay bills on purpose.

  • JeeBaiChow@lemmy.world
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    2 days ago

    Thanks trump!

  • Tracaine@lemmy.world
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    2 days ago

    Enh, I couldn’t afford to borrow anything anyway.

    • lurch (he/him)@sh.itjust.works
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      2 days ago

      It’s for the government. It means it’s harder for them to quickly finance things.

      • ℍ𝕂-𝟞𝟝@sopuli.xyz
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        2 days ago

        And I guess that record sized national debt is also going to cost more.

        • Monument@lemmy.sdf.org
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          2 days ago

          Loss of the dollar as the world reserve currency, and hyperinflation go BRRRRR.

  • Kecessa@sh.itjust.works
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    2 days ago

    Probably not the first time in over a century that should have happened considering that the US is so dependent on increasing its debt ceiling all the time

    • Rivalarrival@lemmy.today
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      9 hours ago

      Its not the first time. This is one rating from one credit reporting agency. We’ve lost AAA status with at least two others in the last 10 years or so.

  • Bakkoda@sh.itjust.works
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    1 day ago

    This is clearly Trump standing up and doing what’s right in the face of blatant corruption.

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