Moody's also cited House Republicans' "One, Big, Beautiful Bill," which is attempting to make temporary tax cuts established in the 2017 Tax Cuts and Jobs Act permanent, along with new tax cuts as well. Moody's estimates an extension would result in an additional $4 trillion to fiscal deficit, excluding interest payments, over the next decade.

On Friday evening, Moody’s downgraded the United States’ overall credit-rating—from the highest level of AAA—to one notch lower, AA1, based on years of rising debt and Donald Trump’s tax cut plan, which the non-partisan Committee for a Responsible Budget has calculated could add $2.5 trillion more in debt.

U.S. stocks erased most of their early losses, shaking off Moody's downgrade of the U.S. credit rating, to end higher. Moodys cut its credit rating a notch to Aa1 from Aaa on May 16 due to likely ...

The Treasury plans to auction $16 billion of 20-year bonds, with results due just after 1 p.m. Eastern. The offering will mark the first auction of longer-duration Treasury bonds since Moody’s on Friday became the third and final rating agency to strip the U.S. of its top Triple-A credit rating.

Loss of Moody’s highest rating comes amid concerns about Washington’s widening budget deficit and fiscal trajectory.

An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.

Dalio fears the U.S. will “print money” to pay off its debts, which creates a different problem for bondholders.

Moody’s Ratings has joined Fitch Ratings and S&P Global Ratings as the last credit agencies to downgrade the U.S. economy, the world’s largest. The agency cited the country’s