The U.S. Just Got a Financial Red Flag. Expect the Ripple Effect
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2,533The Trump administration isn’t worried about Moody’s downgrade of the U.S. credit rating. But for the rest of us, it’s a big deal.
The downgrade could make it more expensive to get a mortgage, car loan, or use your credit card, since the government might have to pay more to borrow money — and those costs can trickle down to everyone else.