More testy waters ahead for President Trump as Moody’s credit rating has just made the shocking decision to lower the US credit rating from Aaa to Aa1.
Moody’s has predicted that if the United States continues on the trend that it’s on, in 10 years interest payments could consume 30% of federal revenue. This news ironically came out at the same time as Trump was pushing a bill that would continue tax cuts from his first term that would potentially raise the deficit higher than its current state, which is already worrying.
