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submitted 7 months ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] raltoid@lemmy.world 10 points 7 months ago* (last edited 7 months ago) (1 children)

This part is relevant, and shows that it is not reactionary or just based on recent events:

Moody's warned in 2023 the US triple-A rating was at risk. Fitch Ratings downgraded the US in 2023 and S&P Global Ratings did so in 2011.

[–] Jason2357@lemmy.ca 6 points 7 months ago

Every time they played chicken with the debt ceiling, they were warned this was coming.