United States don lose dia top credit rating from Moody’s, one big ratings agency.

United States don lose dia top credit rating from Moody’s, one big ratings agency.

United States don lose dia top credit rating from Moody’s, one big ratings agency. Moody’s downgrade dia rating from Aaa to Aa1 because of dia big government debt and fiscal challenges. Dis move na big blow to President Donald Trump economic plan wey dey emphasize say America economy strong under am.Moody’s say U.S. government debt dey increase ova 10 years, and dem predict say federal deficits go reach 9% of GDP by 2035. Dem also predict say federal debt go reach 134% of GDP by 2035.White House no happy with dis decision, dem criticize Moody’s and dia chief economist, Mark Zandi. Dem say Zandi analysis no serious.Some Congress members dey say dis downgrade na warning sign, dem call for fiscal responsibility. Some say Republicans strategies dey worsen fiscal outlook.Even though dem downgrade U.S. credit rating, Moody’s change dia outlook from “negative” to “stable”, say U.S. economy still strong and dollar still dominant.

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