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

Moody’s downgraded the state’s credit rating to Aa1. Maryland had received a triple-A bond rating from Moody’s since 1973. The state has benefitted from the higher rating by paying the lowest rates when it sells bonds to pay for infrastructure, likes roads and schools.

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