Rising debt and no concrete plans to reduce government spending are the primary drivers behind the reduced credit assessment for the US. Moody's credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as the primary driver behind the reduction in creditworthiness. According to the May 16 announcement from the rating agency, US lawmakers have failed to stem annual deficits or reduce spending over the years, leading to a growing national debt. The rating agency wrote: The credit downgrade is only one degree out of the 21-notch rating scale used by the company to assess the credit health of an entity. Read more
KARACHI: In a shocking incident in Karachi’s Orangi Town, a beauty parlor owner was brutally murdered by her second husband, identified as Shahveer, ARY News reported. According to police reports, the suspect himself called the victim’s family to confess to the crime. The tragic event took place in the Mominabad area of Karachi, where the […]
World Wrestling Entertainment (WWE) superstar and Hollywood actor John Cena has added three additional shows to his farewell tour. Cena won championship No. 17 after defeating Cody Rhodes in the main event of WrestleMania last month. The WWE champion then defeated Randy Orton to retain his gold at Backlash. John Cena announced last year that […]