Breaking news: U.S. credit receives downgrade from Moody’s as Trump pushes costly tax cuts

Each of the three major credit rating firms no longer gives the U.S. its best rating.

View in browser May 16, 2025, 5:56 p.m. ET BREAKING NEWS Al Drago for The New York Times U.S. Credit Receives Downgrade From Moody's as Trump Pushes Costly Tax Cuts The downgrade, to one notch below the highest triple-A rating, amounted to a political and economic repudiation of Washington. Read more More coverage Conservatives blocked the G.O.P. megabill that would fulfill Trump's agenda. → Trump made a splash in Saudi Arabia. → A reality show where immigrants compete for U.S. citizenship? D.H.S. is considering it. → If you received this newsletter from someone else, subscribe here. Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018