U.S. Government’s Credit Rating Downgraded: No Shock Here

A congressional watchdog had repeatedly cautioned lawmakers about the nation’s spending and debt levels. Recently, Fitch Ratings, a major credit rating agency, downgraded the United States government’s credit rating from AAA to AA+. This decision was based on several factors, including the high national Debt, ongoing deficits, and a perceived “erosion of governance” in the … Read more