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Moody's downgrades U.S. credit rating on increase in government debt
This version of Mmvo239776325712 - Breaking News | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.
Moody’s Ratings cut the U.S. credit rating down a notch to Aa1 from the Aaa, citing the growing burden of financing the federal government’s budget deficit and the rising cost of rolling over existing debt amid high interest rates.
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