💳 DC's credit rating falls

What's CITY Talking About?

Tail Up Goat Announces Closure

Adams Morgan mainstay Tail Up Goat will close at the end of the year after over a decade. The Michelin Star restaurant is facing an expiring lease and post-pandemic challenges, like many in D.C.’s restaurant industry. [Axios, City Cast DC 🎧]

DC Loses Triple-A Bond Rating

Moody’s, a Bond credit rating group, downgraded D.C.’s credit rating from Aaa (the highest possible rating) to Aa1 because of cuts to federal spending, the federal workforce, and a declining commercial real estate market. [WBJ]

• This will increase D.C.’s borrowing costs at a time it’s considering major investments like a new stadium at RFK. [City Cast DC 🎧]

Ed Martin Controversies Continue

Controversies around D.C.’s US Attorney nominee Ed Martin just keep coming, to the point that the Senate may not confirm him. Martin can only stay on as “interim” until mid-May, so then what happens? [City Cast DC 🎧]

DC Council Secret Meetings Face Scrutiny

D.C. Representative Oye Owolewa testified against D.C. Council's new emergency order that allows them to hold private meetings. The council will vote on whether to make this legislation permanent within the next 90 days. [ABC7]

VA Schools Ditch Names With Racist Roots

Two Loudoun County schools are changing their names to cut ties with their racist past. Mercer Middle School will become Gum Spring Middle School, and Frances Hazel Reid Elementary School will be Mildred and Richard Loving Elementary School. [WTOP]

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