Current:Home > ScamsFitch, please! Why Fitch lowered the US credit rating -Elevate Capital Network
Fitch, please! Why Fitch lowered the US credit rating
View
Date:2025-04-19 05:59:55
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! (132)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Baby Reindeer Alleged Real-Life Stalker Fiona Harvey Files $170 Million Lawsuit Against Netflix
- Lucy Hale Has a Pitch for a Housewives-Style Reunion With Pretty Little Liars Cast
- The Daily Money: Last call for the Nvidia stock split
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Mississippi police officer loses job after telling man to ‘go back to Mexico’
- Minnesota man’s 2001 murder conviction should be overturned, officials say
- Bridgerton's Nicola Coughlan Uses This $5 Beauty Treatment for De-Puffing
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Hundreds of asylum-seekers are camped out near Seattle. There’s a vacant motel next door
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Florida’s Supreme Court rejects state prosecutor’s bid to be reinstated after suspension by DeSantis
- Book excerpt: Roctogenarians by Mo Rocca and Jonathan Greenberg
- Donald Trump joined TikTok with a UFC appearance video. He tried to ban the app as POTUS
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Europe’s Swing to the Right Threatens Global Climate Policy
- Mississippi police officer loses job after telling man to ‘go back to Mexico’
- Boeing’s astronaut capsule arrives at the space station after thruster trouble
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
North Carolina woman and her dad complete prison sentences for death of her Irish husband
MLB Misery Index: White Sox manager Pedro Grifol on the hot seat for MLB's worst team
Boeing Starliner reaches International Space Station: Here's what the astronauts will do
'Most Whopper
Trump film ‘The Apprentice’ made noise in Cannes, but it still lacks a US distributor
'He’s so DAMN GOOD!!!': What LeBron James has said about Dan Hurley in the past
Massachusetts House approves sweeping housing bill