Tag Archives: deficit

Axios reports: Elon Musk claims that his DOGE team saved $175 billion in taxpayer spending, though an outside analysis estimates the verified savings are closer to $16 billion. The “One Big, Beautiful Bill,” which passed the House last week, is projected to add $3 trillion to 5 trillion to budget deficits over the next 10 years. Even using Musk’s most …

CNBC reports: Moody’s Ratings slashed the United State’s credit rating down a notch to Aa1 from the highest triple A on Friday, citing the budgetary burden the government faces amid high interest rates. “This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are …