Moody's, the world's second largest credit ratings agency, dropped America's credit rating from Aaa to Aa1 on Friday, due to the country's rising public debt and debt service charges as a percentage of GDP.
The US public debt currently stands at $36.2 trillion, or 123% of GDP, and President Donald Trump's tax reduction proposals, if implemented, would lead to a massive increase during the next 10 years.
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