Reuters World News Trump and Putin, migrant fines, Britain’s EU reset and Moody’s
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May 20, 2025 Tensions rise as Trump and Putin's phone call yields no breakthroughs in the Ukraine conflict. Migrants face substantial fines if they don’t exit the U.S. after deportation orders, highlighting a tough reality for low-income families. The UK and EU strike a deal to rebuild ties post-Brexit, while Moody's credit downgrade raises concerns about the financial landscape. Rising treasury yields add pressure on consumer borrowing, impacting mortgages and other loans.
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US-Russia Talks Show Shift
- Donald Trump indicated ceasefire talks between Russia and Ukraine would start immediately, but Putin's Kremlin gave no timeframe.
- The US under Trump has shifted noticeably towards the Russian position, undermining European and Ukrainian stances.
US Credit Downgrade Raises Costs
- Moody's downgrade of the US credit rating focuses on fiscal deficits worsening under Trump tax cuts and spending.
- Rising US debt raises borrowing costs impacting mortgages, credit cards, and loans for consumers.
Fines Push Migrants to Self-Deport
- Migrants in the US failing to leave after deportation orders face hefty fines, with notices costing migrants collectively $500 million.
- This program aims for migrants to self-deport and leave the US voluntarily.