Getty Images Moody’s warned in 2023 that the US’ triple-A rating was at risk The US has lost its last triple-A credit score from a major ratings firm after being downgraded by Moody’s, which cited growing federal debt over the past decade. In lowering the US rating to ‘Aa1’, Moody’s noted that successive US administrations...
This story was produced by The Hechinger Report, a nonprofit, nonpartisan news outlet focused on education. After a five-year pause, the Trump administration is bringing back financial penalties for the many millions of borrowers who are too far behind on their student loan payments. It’s led to confusion and financial uncertainty. At least 5 million...
France’s President Emmanuel Macron says he will set up a commission to study French-Haitian history and the impact of a huge debt imposed on Haiti in exchange for its independence exactly 200 years ago. Macron said the panel of French and Haitian historians would make recommendations to help build a more “peaceful future”. Haiti gained...
Confidence in the US economy is plummeting as investors dumped government debt amid escalating concerns over the impact of Donald Trump’s tariffs. The interest rate on US bonds – traditionally considered a “safe haven” investment in times of crisis – spiked on Wednesday to touch the highest since February. Sweeping taxes on goods being imported...