Standard & Poor’s credit rating agency downgrades the United States debt from its highest rating of AAA to a lesser AA+ rating, marking the first-ever decline of credit worthiness for the U.S. The agency cited America’s $14 trillion outstanding debt and an ineffective political leadership 5o address the debt reduction. This downgraded rating remains in effect as of August 5, 2025
What Happened in History: Browse Historical Facts on Kudos 365
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