Question: As discussed in class the U . S . total national debt ( gross debt ) is approximately $ 3 3 . 0 trillion plus.

As discussed in class the U.S. total national debt (gross debt) is approximately $33.0 trillion plus.
Further, in Fiscal Year 2023(10/1/22 through 9/30/23) the U.S. government ran a deficit of
approximately $1.7 trillion. Credit rating agencies such as Fitch, Moody's, and Standard and Poor's (S&P)
provide ratings of the creditworthiness of sovereign nations, including the United States. On August 1,
2023, one of the three agencies downgraded its U.S. credit rating to AA+. This represents only the
second time in history that the U.S. debt credit rating has been downgraded. The agency that has not yet
downgraded the U.S. debt credit rating is:
A) Fitch
B) Moody's
C) Standard and Poor's

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