Moody's downgrade strips US of AAA rating as Trump pushes massive tax cut
In May 2025 Moody's downgraded the United States to Aa1, ending its three‑agency AAA status. Amid the downgrade, President Trump and House Republicans are advancing a sweeping tax‑cut and spending bill, touted as the largest in history, which analysts warn could add $3.3 trillion to the deficit over the next decade.