US EditionRepublicans split on US credit downgrade as party's tax bill lingers
- Moody's downgraded the U.S. Sovereign credit rating to "Aa1" due to ongoing fiscal deficits and rising interest costs.
- Representative Jason Smith described Moody's downgrade as "a cover-up of President Biden's economic failures."
- Representative Andy Harris warned that the downgrade signals a need to address the debt crisis.
- House Speaker Mike Johnson is facing challenges in negotiations within his party, which has a slim majority regarding the tax and budget bill.
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35 Articles
35 Articles
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Left
12
Center
8
Right
4
There Is Renewed Unrest in the US Government Debt Market, This Time over Trump's Tax Plans
Republicans want to extend Trump's previous tax cuts, a key campaign promise of their president. But investors are increasingly wary of Washington's chronic lack of fiscal discipline.
·Netherlands
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Tariffs Emerge as a Fiscal Blind Spot in GOP Budget Debate
The Republican majorities in the US Congress are embroiled in a vigorous debate over the fiscal future of the world’s largest economy. But it’s a discussion that’s curiously avoiding one of the most consequential acts of fiscal policy the US has carried out in many years: Yes, the Trump tariffs.
·United States
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Total News Sources35
Leaning Left12Leaning Right4Center8Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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