
Domestic Affairs
Moody’s Downgrades U.S. Credit Rating: Market Turbulence and Fiscal Reckoning
Introduction In a historic move, Moody’s Investors Service downgraded the United States’ sovereign credit rating from Aaa to Aa1 on Friday, May 16, 2025. This action, driven by mounting concerns over the nation’s $36 trillion debt and the fiscal trajectory set by President Trump’s push to extend