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Jolly Platypus@lemm.eeM to Trump Watch@lemm.eeEnglish · 1 day ago

US completely loses perfect credit rating for first time in over a century

www.newsweek.com

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US completely loses perfect credit rating for first time in over a century

www.newsweek.com

Jolly Platypus@lemm.eeM to Trump Watch@lemm.eeEnglish · 1 day ago
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  • economics@lemmy.ml
The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.
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  • Bakkoda@sh.itjust.works
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    10 hours ago

    This is clearly Trump standing up and doing what’s right in the face of blatant corruption.

  • Zachariah@lemmy.world
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    1 day ago

  • Nunar@lemmy.world
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    1 day ago

    Of course they do. They’re run by a bunch of dipshit weirdos who don’t pay bills on purpose.

  • JeeBaiChow@lemmy.world
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    1 day ago

    Thanks trump!

  • Tracaine@lemmy.world
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    1 day ago

    Enh, I couldn’t afford to borrow anything anyway.

    • lurch (he/him)@sh.itjust.works
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      1 day ago

      It’s for the government. It means it’s harder for them to quickly finance things.

      • ℍ𝕂-𝟞𝟝@sopuli.xyz
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        1 day ago

        And I guess that record sized national debt is also going to cost more.

        • Monument@lemmy.sdf.org
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          23 hours ago

          Loss of the dollar as the world reserve currency, and hyperinflation go BRRRRR.

  • Kecessa@sh.itjust.works
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    1 day ago

    Probably not the first time in over a century that should have happened considering that the US is so dependent on increasing its debt ceiling all the time

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