Current:Home > StocksFitch, please! Why Fitch lowered the US credit rating -MoneyFlow Academy
Fitch, please! Why Fitch lowered the US credit rating
View
Date:2025-04-21 13:04:51
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! (99)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- 'Symbol of hope': See iconic banyan tree sprout new leaves after being scorched in Maui fires
- UK leader Rishi Sunak delays ban on new gas and diesel cars by 5 years
- South Korean leader warns Russia against weapons collaboration with the North
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- No house, spouse or baby: Should parents worry their kids are still living at home? Maybe not.
- Woman, who jumped into outhouse toilet to retrieve lost Apple Watch, is rescued by police
- When does the time change for daylight saving time 2023? What to know before clocks fall back
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Alex Murdaugh plans to do something he hasn’t yet done in court — plead guilty
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Exclusive: Pentagon to review cases of LGBTQ+ veterans denied honorable discharges under don't ask, don't tell
- McDonald's faces lawsuit over scalding coffee that left woman with severe burns
- UK leader Rishi Sunak signals plan to backtrack on some climate goals
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Deposed Nigerien president petitions West African regional court to order his release, reinstatement
- Woman rescued from outhouse toilet in northern Michigan after dropping Apple Watch, police say
- Ray Epps, Trump supporter targeted by Jan. 6 conspiracy theory, pleads guilty to Capitol riot charge
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Why the power of a US attorney has become a flashpoint in the Hunter Biden case
Exclusive clip: Oprah Winfrey talks Ozempic, being 'shamed in the tabloids' for weight
Inside a Ukrainian brigade’s battle ‘through hell’ to reclaim a village on the way to Bakhmut
New data highlights 'achievement gap' for students in the US
Booze, brawls and broken sharks: The shocking true story behind the making of 'Jaws'
Catch some ZZZs: How long does melatonin last? Here's what you should know.
Prosecutors seek life in prison for man who opened fire on New York City subway train, injuring 10