Business Rundown: U.S. Credit Downgraded, A "Knee-jerk" Market Reaction

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 19 May 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

The United States lost its last triple-A credit rating from Moody’s Ratings, citing ballooning budget deficits and rising interest costs. The downgrading of our nation’s credit sparked a selloff of US debt at a time when lawmakers on Capitol Hill are currently working on President Trump’s costly spending and tax bill. Live from Washington, D.C., FOX Business correspondent Grady Trimble joins to break down the story. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey Harry.
0:00.7	Hello mate.
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0:30.0	I'm Jerry Willis and this is the Fox Business Rundown.
0:46.9	Monday, May 19th, 2025. The United States losing its last AAA credit rating. Moody's on Friday downgrading our nation's credit, and that today sparking a sell-off of U.S. debt and bringing
0:53.8	about a major slump for the dollar
0:55.7	and the stock market this Monday.
0:57.9	The knee-jerk reaction from investors this morning.
1:01.3	And then, of course, Treasury yields were on the rise, indicating people seeking a little bit
1:06.1	of a safer investment.
1:08.1	On the lawmakers side, Republicans in some ways are sort of seeing this
1:12.5	as an opportunity to push the so-called big, beautiful bill. This past Friday, Moody's ratings
	...

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