Market expectations for future growth shifting rapidly towards uncertainty over global debt servicing.
Investors woke up Monday to a world in which America is seen as a greater credit risk than anytime in recent history, and they didn't like what they saw. The conversation around why we were downgraded can get as wonky as we want, but let’s not get caught up in the weeds. We are where we are because the problem is simple: Our country spends far more than it takes in—trillions more.