Frens, I've been on a bit of a sabbatical for various reasons, but I'm turning to the only group I trust here. I'm a very mild investor and also have a 401K. Markets nose-dived today with the news of the U.S. downgrade. Trump Truthed about it https://truthsocial.com/@realDonaldTrump/posts/110821789412944769 but he's got more going on w/ this faux indictment version 7,854.

The MSM spin is of course nonchalant "no big deal" and it's Trump and J6 fault B.S.

Some links:

https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023

https://www.cbsnews.com/news/fitch-downgrade-us-debt-what-it-means-cbs-news-explains/

https://www.politico.com/news/2023/08/01/fitch-downgrades-u-s-debt-00109288

Can anyone with a bigger brain than mine tell me what this REALLY means and if it's serious cause for concern or just a political ploy? I'm trying to figure out how worried I should be.