4.4 • 706 Ratings
🗓️ 17 May 2025
⏱️ 46 minutes
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0:00.0 | Outfront next, breaking news, a punishing blow to the U.S. economy. America just losing the elite, the top, the most important AAA rating on its debt. The concern is America's exploding debt amid Trump's trade war and spending. So what is America doing about it? Also breaking a supreme setback, the nation's highest court blocking Trump's efforts |
0:22.6 | to deport migrants using a centuries old law. |
0:25.7 | Tonight, Trump just responding, |
0:27.7 | as he's in the air on his way home, |
0:29.4 | and detached from reality, |
0:30.8 | that is what Ukraine is saying tonight |
0:32.4 | after Putin's men made a series of demands |
0:34.4 | during peace talks. |
0:35.7 | Let's go out front. |
0:38.5 | And good evening, I'm Aaron Burnett. |
0:40.3 | Out front tonight, the breaking news, a major downgrade, Moody, slashing the credit rating |
0:45.3 | of the United States of America. |
0:47.2 | Now, up until now, Moody's had been the only major credit agency, which, you know, |
0:52.1 | provides the rating on all the debt out there, holding firm. |
0:56.1 | Tonight, though, no, it is over. |
0:58.8 | There isn't one holdout anymore. |
1:00.6 | None of them rate America, the top credit anymore. |
1:03.9 | Fitch Standard & Poor's and slashed America's ratings years ago, according to Moody's, this downgrade, |
1:09.2 | and I quote, reflects the increase over more than a |
1:12.1 | decade in government debt and interest payment ratios to levels that are significantly higher |
1:17.5 | than similarly rated countries. And Trump wanted to add to that debt with his so-called one big |
1:25.5 | beautiful bill. I mean, there was all that COVID money that got |
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