Breaking news: U.S. credit receives downgrade from Moody’s as Trump pushes costly tax cuts
Each of the three major credit rating firms no longer gives the U.S. its best rating.
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The New York Times

May 16, 2025, 5:56 p.m. ET

BREAKING NEWS

Al Drago for The New York Times

U.S. Credit Receives Downgrade From Moody’s as Trump Pushes Costly Tax Cuts

The downgrade, to one notch below the highest triple-A rating, amounted to a political and economic repudiation of Washington.

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