Mother Jones
The US’s Credit Rating Just Got Downgraded. You Can Thank Trump’s Coup Attempt.
On Tuesday, the credit agency Fitch Ratings downgraded its debt rating for the United States from the highest AAA rating to AA+. The demotion, as some economists including Paul Krugman have argued, is strange and ultimately a bit meaningless. But the apparent reasons behind the decision are worth reviewing. Here’s Richard Francis, Fitch’s senior director, […]