Treasury, stock market and credit rating
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Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards
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HONG KONG (AP) — Global shares fell Monday and U.S. futures and the dollar also weakened after Moody’s Ratings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.
Moody's had investment grade rating on U.S. debt, ahead of the 2008 global financial crisis, current downgrade "not shocking," says expert.
House Speaker Mike Johnson comments on Moody's downgrading the U.S. government's credit rating during an interview on "FOX News Sunday." SHANNON BREAM, FOX NEWS: All right, quickly, I want to ask you about Moody's on Friday.
A U.S. sovereign downgrade by Moody's has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington. The ratings agency cut America's pristine sovereign credit rating by one notch on Friday,
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Years of rising deficits and budget chaos finally caught up with the U.S. credit rating Friday when Moody’s Investor Service downgraded the government, stripping its last triple-A rating.