Aug 4, 2023

Bidenomics Fail | U.S. Credit Downgraded


White House Hits Back on Credit Downgrade


'...When the Fitch Ratings agency announced this week that it was downgrading its long-term credit rating of the United States from AAA to AA+, Biden administration officials were ready — and angry. Administration officials had been lobbying Fitch against the downgrade...The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” they wrote.


Reference: www.nytimes.com
Tags: Bidenomics, U.S. Credit Downgraded, Biden Legacy,


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