Moody's downgrades US credit rating due to proposed tax bill impact, collaboration between parties needed.

From Yahoo Finance: 2025-05-16 18:15:00

Moody’s downgrades US credit rating to AA1 from Triple A due to proposed tax bill impact, says Rep. Krishnamoorthi. Democrats may need to collaborate with Republicans to raise debt ceiling. Senate’s stance on tax bill and deals made during Trump’s Middle East visit also discussed on Bloomberg’s “Balance of Power.”

Read more: Rep. Krishnamoorthi on Moody’s Downgrade, Tax Bill