Evaluations reduce US status
Karachi: The United States has lost its top credit rating due to a number of reasons such as inadequate economic planning, the imbalance between budgetary and monetary policies, the reduction of good governance, the increase in debt, the most complex causes and the like. The ongoing trade and tariff wars have been an important factor in the failure of US President Donald Trump’s financial team to persuade investors despite efforts to increase revenue and reduce spending. According to the Saudi Arab newspaper, the United States has lost its latest perfect credit rating after the country’s regime downgraded “AAA” to “AA1”,
