this post was submitted on 16 May 2025
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Moody's strips US of top-notch triple-A credit rating (www.ft.com)
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[–] humanspiral@lemmy.ca 3 points 2 weeks ago

https://ratings.moodys.com/ratings-news/443154

Other agencies downgraded during past debt ceiling showdowns.

we expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024

Both numbers are well above escape velocity for sustainability with overall Debt above GDP, and nominal GDP growth not coming anywhere close to the deficit levels.