Nexus News

  Moody’s Downgrades U.S. Credit Rating Amid Mounting Debt and Political Turmoil In a historic move, Moody’s Investors Service has downgraded the United States' sovereign credit rating from its pristine "Aaa" to "Aa1", citing escalating national debt and persistent political gridlock. This decision marks the first time since 1919 that Moody’s has stripped the U.S. of its top-tier credit status, aligning with similar downgrades by S&P in 2011 and Fitch in 2023 . LiveNOW Fiscal Concerns Drive Downgrade Moody’s highlighted the U.S. government's failure to implement effective measures to curb large annual fiscal deficits and growing interest costs. The agency projects the federal debt burden to rise to approximately 134% of GDP by 2035, up from 98% in 2024 . Interest payments are expected to consume 30% of government revenue by that time. The Times The downgrade reflects concerns over the government's long-term fiscal trajectory, including increa...

 In Kentucky, Governor Andy Beshear announced early Saturday that the death toll had climbed to at least 14 lives lost across the state. Chaos in the Heartland: Deadly Storms Leave Dozens Injured, Thousands Without Power as Tornadoes Ravage Midwest In a harrowing turn of events, the Midwest was rocked by a series of devastating storms that tore through Kentucky, Missouri, Illinois, and beyond, leaving behind a trail of destruction, injury, and death. Hospitals in the St. Louis region are now overflowing with the injured. A spokesperson for both St. Louis Children's Hospital and Barnes-Jewish Hospital confirmed to NBC News that at least 35 individuals had been rushed to their emergency rooms. The children's hospital admitted 15 patients , while Barnes-Jewish received between 20 and 30 , possibly more, as chaos unfolded due to the violent weather. The city of St. Louis, gripped by fear and instability, imposed a strict overnight curfew from 9 p.m. to 6 a.m. (0200-1100 GMT) in ...

  House GOP Infighting Derails Trump's 'Big Beautiful' Tax Bill Amid Moody's Credit Downgrade In a dramatic turn of events, President Donald Trump's ambitious "Big Beautiful" tax reform package has hit a significant roadblock as internal divisions within the Republican Party and concerns over fiscal responsibility lead to its derailment. The proposed legislation, which aimed to extend the 2017 tax cuts and introduce new measures such as eliminating taxes on tips, overtime, and firearm silencers, faced unexpected opposition from within the GOP ranks. Business Insider +2 New York Post +2 The Daily Beast +2 Reuters Republican Dissent Over Fiscal Concerns The House Budget Committee witnessed a surprising alliance as five Republican Representatives—Ralph Norman (SC), Chip Roy (TX), Andrew Clyde (GA), Josh Brecheen (OK), and Lloyd Smucker (PA)—joined all 16 Democrats in voting against advancing the bill. Their primary contention centered around the bill...