United States debt has long been considered the safest of all safe havens. But, Washington has just lost its pristine reputation as a borrower. Moody's has downgraded the nation from its top-notch AAA rating, becoming the last of the big three agencies to do so. The ratings agency has cited the United States's growing debt - now at $36 trillion, almost 120 percent of gross domestic product - and rising debt service costs. Against this backdrop, President Donald Trump is pushing what he calls the "one big, beautiful bill".

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