May 20, 2025
Last Friday, it finally happened: Moody’s—the last credit rating agency still holding on to a shred of faith in Uncle Sam—downgraded the United States from AAA to Aa1. America is now officially among the ranks of “almost-but-not-quite-perfect” countries. It’s a bit like a high school student going from a 10 to a 9.5—still excellent, but mom and dad are disappointed nonetheless.
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