Moody’s US Credit Downgrade Rattles Wall Street Amid Fiscal Uncertainty
Wall Street faces renewed turbulence as Moody’s downgrade of US creditworthiness collides with Republican-led tax-and-spend legislation. The "Big Beautiful Bill," still mired in congressional negotiations, threatens to exacerbate national debt concerns while failing to reassure skittish markets.
Investors scrutinize the GOP’s fiscal balancing act—tax cuts without commensurate spending reductions—as Treasury markets flash warning signs. BMO Private Wealth’s Carol Schleif voices broader market skepticism: "Congressional discipline remains the unanswered question in this debt equation."