According to published reports, the United States of America completely lost a perfect credit rating for the first time in over a century,
The three major credit rating agencies—Moody's Investors Service, S&P Global Ratings, and Fitch Ratings—play a critical role in assessing the creditworthiness of sovereign nations, including the United States.
The U.S. maintained a perfect credit rating for decades, reflecting the country's economic strength and political stability. That changed in 2011 when S&P downgraded the U.S. from AAA to AA+ following a contentious debt ceiling standoff.
Fitch followed suit in 2023, citing fiscal deterioration and repeated political brinkmanship. Moody's had been the last to maintain a stable AAA rating.
Moody's also warned that extending President Donald Trump's 2017 tax cuts—now a key priority for the Republican-led Congress—would add $4 trillion to the federal primary deficit over the next decade. Political gridlock continues to be a major obstacle to fiscal reform, with Republicans opposing tax increases and Democrats resisting spending cuts, leaving little room for bipartisan solutions.
https://www.youtube.com/watch?
On the streets and sidewalks of any city, will we begin to see people stopping to chat, street performers, seasonal bell ringers with donation kettles, and people in need asking passersby for food or money, better known as panhandling?
