Moody’s has downgraded U.S. debt from AAA to AA1, which is essentially like dropping the country's credit score. This downgrade means the U.S. will have to pay more in interest—currently already at $1.1 trillion annually. It’s comparable to an individual going from a near-perfect credit score to the high 700s. Borrowing costs will rise, adding to the country’s financial strain and signaling deeper concerns about long-term fiscal health.
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