Moody’s strips US government of top credit rating

The U.S. government's credit rating has been stripped of its top Aaa status by Moody’s, citing repeated failures to address rising fiscal deficits and interest costs under successive administrations. Despite this downgrade, the U.S. retains strong economic strengths. The move complicates President Trump’s tax-cut agenda, as Republicans resist further tax increases while Democrats remain committed to reducing spending. Gridlocked politics has exacerbated the country's growing deficits, with neither party willing to compromise on taxes or spending cuts.