Moody's Lowers U.S. Credit Rating As Debt Nears $37 Trillion, Here's Why
1. Moody's downgraded U.S. credit rating from AAA to AA1. 2. U.S. national debt nears $37 trillion, raising concern over fiscal strength. 3. Debt-to-GDP ratio currently stands at 133.35%, a historical high. 4. Spending consistently exceeds revenue, worsening budget deficits. 5. President's tax plan may increase deficits by $4-6 trillion over a decade.