Current:Home > FinanceFitch, please! Why Fitch lowered the US credit rating -Ascend Finance Compass
Fitch, please! Why Fitch lowered the US credit rating
View
Date:2025-04-16 18:06:43
The credit rating agency, Fitch, caused a stir yesterday when it downgraded the United States' credit rating from AAA to AA plus. This came less than a week since Federal Reserve staff stopped forecasting a recession on the horizon.
So what gives? Today, we talk to an economist to break down the reasons why Fitch no longer views the US as among the safest of bets.
Music by Drop Electric. Find us: Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (2)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Oprah says book club pick 'Familiaris' by David Wroblewski 'brilliantly' explores life's purpose
- Sam Brown, Jacky Rosen win Nevada Senate primaries to set up November matchup
- Connecticut governor vetoes bill that could lead to $3 million in assistance to striking workers
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Johnson & Johnson to pay $700 million to 42 states in talc baby powder lawsuit
- African elephants have individual name-like calls for each other, similar to human names, study finds
- Special counsel David Weiss says Hunter Biden verdict about illegal choices, not addiction
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- TikToker Melanie Wilking Slams Threats Aimed at Sister Miranda Derrick Following Netflix Docuseries
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 'The Boys' Season 4: Premiere date, cast, trailer, how to watch and stream
- MacOS Sequoia: Key features and what to know about Apple’s newest MacBook operating system
- Celtics' Kristaps Porzingis has 'rare' left leg injury, questionable for NBA Finals Game 3
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Bill for “forever chemicals” manufacturers to pay North Carolina water systems advances
- United States men's national soccer team friendly vs. Brazil: How to watch, rosters
- Man charged after firing gun at birthday party, shooting at sheriff's helicopter, prosecutors say
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Bankruptcy case of Deion Sanders' son Shilo comes down to these two things: What to know
Rapper Enchanting Dead at 26
Krispy Kreme unveils new doughnut collection for Father's Day: See new flavors
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
African elephants have individual name-like calls for each other, similar to human names, study finds
Ukraine says its forces hit ultra-modern Russian stealth jet parked at air base hundreds of miles from the front lines
Chrysler recalls over 200,000 SUVs, trucks due to software malfunction: See affected vehicles