Current:Home > StocksFitch, please! Why Fitch lowered the US credit rating -ProsperityEdge
Fitch, please! Why Fitch lowered the US credit rating
View
Date:2025-04-23 14:59:34
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! (5)
Related
- What to watch: O Jolie night
- Law enforcement officials in Texas wonder how they will enforce migrant arrest law
- Squatters suspected of killing woman in NYC apartment, stuffing her body in duffle bag, police sources say
- Star Wars celebrates 'Phantom Menace' 25th anniversary with marathon of 9 films in theaters
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Border Patrol chief says tougher policies are needed to deter migrants from entering U.S. illegally
- Activists rally for bill that would allow some Alabama death row inmates to be resentenced
- United Airlines now allows travelers to pool their air miles with others
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Megan Thee Stallion to go on Hot Girl Summer Tour with rapper GloRilla: How to get tickets
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Tennessee becomes first state to pass a law protecting musicians against AI
- Facebook owner, Microsoft, X and Match side with Epic Games in Apple lawsuit
- Shania Twain Responds to Lukas Gage Apologizing for Wasting Her Time With Chris Appleton Wedding
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Skater accused of sex assault shouldn't be at world championships, victim's attorney says
- No charges will be filed in nonbinary teen Nex Benedict's death, Oklahoma district attorney says
- Josh Peck Breaks Silence on Drake Bell's Quiet on Set Docuseries Revelation
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
New Hampshire Senate passes bill to expand scope of youth detention center victim settlements
Final ex-Mississippi 'Goon Squad' officer sentenced to 10 years in torture of 2 Black men
What to know about Duquesne after its NCAA men's tournament upset of Brigham Young
Meet first time Grammy nominee Charley Crockett
Are there any perfect brackets left in March Madness? Yes ... but not many after Kentucky loss
Carlee Russell, Alabama woman who faked her own kidnapping, gets probation for hoax
Bus hijacked in downtown Los Angeles collides with several vehicles and crashes into a hotel