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Moody’s downgraded the outlook on the U.S. credit rating from “stable” to “negative”

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the staff of the Ridgewood blog

Ridgewood NJ, on Friday, Moody’s downgraded the outlook on the U.S. credit rating from “stable” to “negative,” attributing the shift to substantial fiscal deficits and a decline in debt affordability. This decision prompted immediate criticism from President Joe Biden’s administration.

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