Current:Home > InvestFitch, please! Why Fitch lowered the US credit rating-LoTradeCoin
Fitch, please! Why Fitch lowered the US credit rating
View Date:2025-01-11 09:43:49
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! (26)
Related
- Congress is revisiting UFOs: Here's what's happened since last hearing on extraterrestrials
- Meghan Trainor Diagnosed With PTSD After Son Riley's Traumatic Birth
- A 15-year-old law would end fossil fuels in federal buildings, but it's on hold
- Miranda Lambert Talks Pre-Show Rituals, Backstage Must-Haves, and Her Las Vegas Residency
- MLS Star Marco Angulo Dead at 22 One Month After Car Crash
- Taylor Swift Fan Killed By Suspected Drunk Driver After Leaving Eras Tour Concert in Houston
- The Biden administration approves the controversial Willow drilling project in Alaska
- Disney Executive Dave Hollis’ Cause of Death Revealed
- Mississippi governor intent on income tax cut even if states receive less federal money
- Winter storm sending heavy snow where California rarely sees it
Ranking
- Engines on 1.4 million Honda vehicles might fail, so US regulators open an investigation
- Kelly Clarkson Asks Jake Gyllenhaal If He’s Had a “Real Job”
- Honey Boo Boo Is Pretty in Pink for Prom Night With Boyfriend Dralin Carswell
- Vietnam's human rights record is being scrutinized ahead of $15 billion climate deal
- The Best Corduroy Pants Deals from J.Crew Outlet, Old Navy, Levi’s & More, Starting at $26
- Olympian Simone Biles Marries Jonathan Owens in Texas Ceremony
- Swimming pools and lavish gardens of the rich are driving water shortages, study says
- North West Joins Mom Kim Kardashian on Red Carpet at Daily Front Row Awards
Recommendation
-
Why Amanda Seyfried Traded Living in Hollywood for Life on a Farm in Upstate New York
-
Keke Palmer Comments on Her Sexuality and Gender Identity While Receiving Vanguard Award
-
Dancing With the Stars' Len Goodman Predicted His Death 4 Months Before His Passing
-
From 4chan to international politics, a bug-eating conspiracy theory goes mainstream
-
Secret Service Agent Allegedly Took Ex to Barack Obama’s Beach House
-
A haze is blanketing major swaths of the East Coast because of the Canadian wildfires
-
A kid's guide to climate change (plus a printable comic)
-
Disney Executive Dave Hollis’ Cause of Death Revealed