S&P downgraded in 2011, and Fitch in 2023. So perhaps this won't matter to markets.
Curious to see if it matters to US public. (C. Ballard-Rosa, H. Loeffler, P. Rosendorff and I have a working paper re. how voters use ratings changes to attribute blame for economic policies to their governments...)
Curious to see if it matters to US public. (C. Ballard-Rosa, H. Loeffler, P. Rosendorff and I have a working paper re. how voters use ratings changes to attribute blame for economic policies to their governments...)
Reposted from
Democracy Skies in Blueness - Resist
U.S. Credit Receives Downgrade From Moody’s as Trump Pushes Costly Tax Cuts
The downgrade means that each of the three major credit rating firms no longer gives the United States its best rating. www.nytimes.com/2025/05/16/b...
The downgrade means that each of the three major credit rating firms no longer gives the United States its best rating. www.nytimes.com/2025/05/16/b...
Comments
*Especially* Moody's.