Moody's cuts America's pristine credit rating, citing rising debt

The U.S. faced a significant downgrade in its credit rating by Moody's, citing growing debt ($36 trillion) that could hinder President Trump's tax cuts and global markets. This marks Moody's latest step after raising concerns about fiscal deficits and interest payments. As one of three major agencies to lower the U.S.'s 'Aaa' rating from 1919, this move underscores broader financial risks, potentially complicating economic forecasts and market reactions.