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.

Maryland lost its AAA bond rating, which means higher borrowing costs and a hit to the state’s creditworthiness.

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