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Could Moody's Downgrade Affect Lawmakers & Tax Bill Timeline?
Posted
May 16, 2025
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7:05Now PlayingRep. 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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