Current:Home > ScamsFitch, please! Why Fitch lowered the US credit rating -TradeCircle
Fitch, please! Why Fitch lowered the US credit rating
View
Date:2025-04-24 01:11:33
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! (54)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- The banking system that loaned billions to SVB and First Republic
- AI-generated deepfakes are moving fast. Policymakers can't keep up
- Will Kim Cattrall Play Samantha Again After And Just Like That Cameo? She Says..
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Why does the U.S. have so many small banks? And what does that mean for our economy?
- President Biden: Climate champion or fossil fuel friend?
- Space Tourism Poses a Significant ‘Risk to the Climate’
- Buckingham Palace staff under investigation for 'bar brawl'
- In the San Francisco Bay Area, the Pandemic Connects Rural Farmers and Urban Communities
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Fossil Fuels Aren’t Just Harming the Planet. They’re Making Us Sick
- The origins of the influencer industry
- Elon Musk threatens to reassign @NPR on Twitter to 'another company'
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Finding Out These Celebrities Used to Date Will Set Off Fireworks in Your Brain
- Study Identifies Outdoor Air Pollution as the ‘Largest Existential Threat to Human and Planetary Health’
- Australia will crack down on illegal vape sales in a bid to reduce teen use
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Manure-Eating Worms Could Be the Dairy Industry’s Climate Solution
North Carolina Hurricanes Linked to Increases in Gastrointestinal Illnesses in Marginalized Communities
SpaceX wants this supersized rocket to fly. But will investors send it to the Moon?
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
What's the Commonwealth good for?
How Tucker Carlson took fringe conspiracy theories to a mass audience
Despite mass layoffs, there are still lots of jobs out there. Here's where
Like
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Hurricane Michael Hit the Florida Panhandle in 2018 With 155 MPH Winds. Some Black and Low-Income Neighborhoods Still Haven’t Recovered
- In the Philippines, a Landmark Finding Moves Fossil Fuel Companies’ Climate Liability into the Realm of Human Rights