Remember when Moody’s cut the US’s outlook to ‘negative‘ during the Biden years but didn’t actually downgrade the government’s credit rating? Well now that Trump is in the White House, Moody’s downgraded the US credit for the first time in over a century. The US was stripped of its perfect triple-A rating. Moody’s cited ‘growth in government debt,’ according to CNBC. CNBC reported: Moody’s Ratings cut the United States’ sovereign credit rating down one notch to Aa1 from Aaa, the highest possible, citing the growing burden of financing the federal government’s budget deficit and the rising cost of rolling over existing debt amid high interest rates. “This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt…
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