Maryland has lost its triple-A bond rating from Moody’s. Maryland has held this top rating since 1973, and state officials have long cited it as a sign of state’s strong fiscal stewardship.

The recent loss of Maryland’s decades-long and prized AAA Moody’s credit rating could have a lasting ripple effect on future local government budgets. Here’s why.

Democrats blame Trump's cuts to the federal workforce as the reason for the change, but Republicans point to what they call reckless spending.