On 16 May, Moody’s Ratings became the last of the three major credit rating agencies to lower its estimate of the U.S. government’s creditworthiness.
Tag: U.S. DEBT
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GOVERNMENT DEBT SETS RECORD AT $97 TRILLION
Worldwide, governments at all levels now owe a record $97 trillion, the UN Trade and Development Organization reported last week.
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WORRIES INCREASE OVER U.S. DEBT, BUDGET CRISIS
Uncertainty about whether the U.S. Congress will raise the debt limit has helped push bond prices to multi-decade lows and given the U.S. Federal Reserve second thoughts about raising interest rates again when it meets next week, Bloomberg reported.
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