Republicans spike Trump tax bill over spending worries, Moody's cuts US rating
Republicans Block Trump’s Tax Bill Amid Spending Concerns, Moody’s Downgrades U.S. Credit Rating By Political and Economic Correspondent May 17, 2025 Washington, D.C. – A tumultuous day in U.S. politics saw hardline Republicans in the House of Representatives derail President Donald Trump’s flagship tax legislation, the “One Big Beautiful Bill Act,” over insufficient spending cuts, … Read more