One of three major credit firms has downgraded the U.S.’ credit rating from AAA to AA+. “The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch Ratings said in a statement explaining the decision. Javier David, Axios managing editor for business and markets, joined CBS News to discuss the significance of the downgrade and what it could mean for Americans’ finances.
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It’s been less than a year since generative artificial intelligence (GenAI) tools like OpenAI’s ChatGPT became available to the public, and the technology has already shown remarkable advancements. In several areas, it has even surpassed human capabilities. One expert says that while the benefits of AI are exciting, industries and […]
