Moody, Treasury and credit rating
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Moody, America and downgrade
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Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
A Moody's downgrade of the US credit score reverberated through financial markets Monday, but the response from many in Washington was to immediately try to minimize the news.
Bitcoin sold off from $107,000 due to profit taking, and the recovery back to $105,000 is a sign that multiple bidders expect higher prices in the near future.
Here are the top stories to read ahead of Monday's trading:
Bessent insisted that the administration is on track to produce economic growth that will outpace the rise in debt