Moody's has downgraded the US credit rating to Aa1 from Aaa, citing surging levels of national debt and a rising budget deficit. With US national debt now at $36 trillion, the agency predicts a deterioration in fiscal performance, primarily due to stagnant government revenues and increasing entitlement expenditures. Despite apprehensions, investors expect minimal immediate market impacts from this downgrade; however, it underscores the urgent need for effective fiscal measures, which have historically been neglected by US lawmakers.
Moody's downgrade of the US credit rating highlights growing concerns about the country's fiscal trajectory, rising debt levels, and persistent budget deficits.
The downgrade to Aa1 signals that larger deficits and interest burdens are expected over the next decade, reflecting ineffective fiscal measures from current lawmakers.
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