Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.
All this does is make the bonds the US issues require a higher interest to attract buyers, which cascades throughout the market making everything more expensive, and rewarding more people with money to loan to others
All this does is make the bonds the US issues require a higher interest to attract buyers, which cascades throughout the market making everything more expensive, and rewarding more people with money to loan to others