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of <h1>Moody's Cuts US Credit Rating Over Mounting Debt Concerns, Signaling Potential Economic Challenges Ahead</h1> Moody's downgraded the US government's credit rating, causing stocks to slip and bond yields to rise. The downgrade reflects concerns about increasing government debt and political challenges in controlling spending. Market reactions were relatively muted, with investors expecting limited long-term impact. The development adds to existing economic pressures, including trade tensions and potential tax policy changes, potentially affecting borrowing costs for households and businesses.
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