Current:Home > ContactFitch, please! Why Fitch lowered the US credit rating -Wealth Empowerment Academy
Fitch, please! Why Fitch lowered the US credit rating
View
Date:2025-04-12 00:24:45
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! (84)
Related
- Giants, Lions fined $200K for fights in training camp joint practices
- Amy Robach and T.J. Holmes Reveal Where They Stand on Getting Married
- In ‘The People vs. Citi,’ Climate Leaders Demand Citibank End Its Fossil Fuel Financing
- 10 bookstores that inspire and unite in celebration of Independent Bookstore Day
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Baby saved from dying mother's womb after Israeli airstrike on Gaza city of Rafah named in her honor
- New Mexico reaches settlement in 2017 wage-theft complaint after prolonged legal battle
- Pro-Palestinian protests leave American college campuses on edge
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Kim Kardashian gives first interview since Taylor Swift album, talks rumors about herself
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- WWE Draft 2024: When, where, what to know for 'Raw' and 'SmackDown' roster shakeups
- Trump to meet with senior Japanese official after court session Tuesday in hush money trial
- George Santos ends comeback bid for Congress after raising no money
- Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
- Kid Cudi Breaks His Foot After Leaping Off Coachella Stage
- Pro-Palestinian protests leave American college campuses on edge
- Korean War veteran from Minnesota will finally get his Purple Heart medal, 73 years late
Recommendation
NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
Thieves take 100 cases of snow crabs from truck while driver was sleeping in Philadelphia
How Eminem Is Celebrating 16 Years of Sobriety
Small school prospects to know for the 2024 NFL draft
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Alabama lawmakers OK bill blocking state incentives to companies that voluntarily recognize unions
Minnesota Sen. Nicole Mitchell arrested on suspicion of burglary after being found in home
Mistrial declared in case of Arizona rancher accused of fatally shooting Mexican migrant near border