U.S. Government Debt Crisis

The article discusses the significant U.S. government debt, the impact of reckless overspending by Congress, and the need for fiscal responsibility to avoid a debt crisis.

Moody's Downgrades US Credit Rating

Moody's Ratings downgraded the United States' sovereign credit rating to Aa1 from Aaa, citing the growing burden of financing the federal government's budget deficit and rising debt costs. This could lead to higher yields on U.S. Treasury debt and impact sentiment towards U.S. assets.