⚠️🇺🇸 Moody's has downgraded the US credit rating from AAA to AA1 for the first time since 2011.

📉 Reason: growth of public debt and the cost of servicing it.

Moody's predicts that the US public debt will grow to 154% of GDP by 2035.

‼️ According to FRED, the federal debt is already 121% of GDP.

And if you take into account all the total debt - external, domestic, private and public - it exceeds 330% of GDP.