America’s Credit Rating, Its Debt And The Coming Crisis
Jun 28th, 2025 | By Dr. Jim Eckman
It has been a long time in coming and there have been warning signs for years, but the American debt crisis is real and can no longer be ignored: Moody’s downgraded U.S. debt to a notch below its top rating, citing chronic budget deficits and rising debt-service costs. The rating agency lagged behind S&P Global Ratings and Fitch, which downgraded the U.S. in 2011 and 2023, respectively.