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🇺🇸 America’s AAA Days Are Over: Moody’s Slashes U.S. Credit Rating
Moody’s has downgraded the United States’ credit rating from Aaa to Aa1, citing escalating national debt, surging interest costs, and a persistent lack of political resolve to implement necessary fiscal reforms. This unprecedented move marks the first time Moody’s has stripped the U.S. of its top-tier credit status, reflecting deep concerns about the country’s long-term economic health and fiscal sustainability. The downgrade highlights the growing risks posed by the nation’s mounting $36 trillion debt and the staggering $2 trillion in annual interest payments that threaten to overwhelm federal finances. Entrepreneur David Friedberg delivered a scathing critique of the latest House spending bill, labeling it a “national embarrassment” that fails to confront the gravity of the fiscal crisis. As lawmakers continue to debate budget priorities, experts warn that without decisive action, the U.S. may face higher borrowing costs, reduced investor confidence, and weakened global financial leadership.
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🩺 President Biden’s Prostate Cancer Diagnosis: What We Know
President Joe Biden, 82, has been diagnosed with an aggressive form of prostate cancer that has metastasized to his bones. The cancer was detected during a routine physical exam when doctors found a concerning nodule on his prostate. Fortunately, the cancer is hormone-sensitive, which means it may respond well to treatment. Biden and his medical team are currently evaluating the best treatment options. This diagnosis comes alongside his history of other health issues, including prior skin cancer.
📈 Treasury Secretary Bessent Admits Tariffs Will Likely Push Consumer Prices Higher Despite White House Pushback
Treasury Secretary Scott Bessent acknowledged Sunday that some consumer prices will rise due to tariffs, even as the White House has publicly urged retailers to avoid passing costs onto shoppers. This marks a shift from earlier claims by President Trump’s economic team that tariffs wouldn’t drive inflation, now admitting that while some price hikes are unavoidable, overall inflation remains manageable thanks to falling gas and grocery costs. Retail giants like Walmart have signaled they can no longer absorb tariff expenses and will raise prices in the coming weeks, drawing a rebuke from Trump, who urged retailers to “eat the tariffs.” Amid rising public skepticism over the administration’s economic record, officials are trying to balance consumer price realities with broader benefits, even as Republicans express growing concern about tariffs’ impact on small businesses. The coming weeks will reveal how widespread price increases become as retailers adjust to historic tariff pressures.
📞 Trump Seeks Ceasefire in Ukraine with Putin Call
President Donald Trump plans to speak with Russian President Vladimir Putin Monday to push for a ceasefire in the ongoing war in Ukraine, calling the conflict a “bloodbath” with heavy casualties. He will also talk to Ukrainian President Volodymyr Zelenskyy and NATO leaders.
Russia’s Kremlin spokesman expressed openness to peaceful talks, while European leaders urged Putin to accept a 30-day ceasefire proposed by Trump. Critics argue Trump’s approach pressures Ukraine more than Russia, risking appeasement.
Despite Trump’s past promises to end the war quickly, recent negotiations have stalled over Russia’s demands for Ukrainian territory and Kyiv’s refusal to surrender. Meanwhile, U.S. officials continue diplomatic efforts, with key meetings in Rome signaling a critical week ahead for peace talks.
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