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Business Rundown: U.S. Credit Downgraded, A "Knee-jerk" Market Reaction
The United States lost its last triple-A credit rating from Moody’s Ratings, citing ballooning budget deficits and rising interest costs.
The downgrading of our nation’s credit sparked a selloff of US debt at a time when lawmakers on Capitol Hill are currently working on President Trump’s costly spending and tax bill. Live from Washington, D.C., FOX Business correspondent Grady Trimble joins to break down the story.
Photo Credit: AP
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Published on 1 week, 5 days ago