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Could Moody’s Downgrade Affect Lawmakers & Tax Bill Timeline?

DeFi Daily News by DeFi Daily News
May 16, 2025
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Rep. Raja Krishnamoorthi (D) Illinois, discusses Moody’s downgrading of the United States credit rating to AA1 from a Triple A and explains how the proposed tax bill is adding to this downgrade. He also talks about if Democrats will have to work with Republicans to raise the debt ceiling, what to expect from the US Senate on the tax bill, and his views on the deals made during President Trump’s visit to the Middle East. Representative Krishnamoorthi speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.”
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Tags: AffectBillComputer Chipsdebt ceilingDonald TrumpDowngradeJoe MathieuKailey LeinzlawmakersmedicaidMoody's Analytics IncMoodysRaja Krishnamoorthitaxtax billTimelineUnited States House Of Representativesus debtus senate
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