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    Jolly Platypus@lemm.eeM to Trump Watch@lemm.eeEnglish · 15 days ago

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

    www.newsweek.com

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    • usa@midwest.social
    • news@lemmy.world
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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 · 15 days ago
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    • usa@midwest.social
    • news@lemmy.world
    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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    • Zachariah@lemmy.world
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      15 days ago

      • No_Ones_Slick_Like_Gaston@lemmy.world
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        14 days ago

        He did that!

    • JeeBaiChow@lemmy.world
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      15 days ago

      Thanks trump!

    • Nunar@lemmy.world
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      15 days ago

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

    • Tracaine@lemmy.world
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      15 days ago

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

      • lurch (he/him)@sh.itjust.works
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        15 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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          15 days ago

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

          • Monument@lemmy.sdf.org
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            15 days ago

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

    • Kecessa@sh.itjust.works
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      15 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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        14 days 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.

    • Highlybaked@lemm.ee
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      14 days ago

      Excellent news

    • Bakkoda@sh.itjust.works
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      14 days ago

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

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