Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden’s administration. The move follows a rating downgrade of the sovereign by another ratings agency, Fitch, this year, which came after […]
Tag: debt
Biden To Cancel Student Loan Debt?
Local leaders are stepping up the pressure on President Biden to tackle the issue of student debt by taking official action in their own jurisdictions that they hope will urge him to forgive some college loans. The District of Columbia and several other city governments have passed resolutions that call on the federal government to […]