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:
