And we are seeing his republican allies really rally around him. And in some ways, they are ramping up the rhetoric to defend him. Some of them are calling for the special prosecutions investigation to be defunded. They are saying that donald trump cant get a fair trial in dc. Of course, its being held here, the scene of the alleged crime because it is a left leaning city. They refer to it as the swamp. But remember, Donald Trumps second indictment, which is in florida. The trial will take place there. Florida is his home state. Its also a republican leaning state, and its one that he won twice in the last two president ial elections. The former president is facing four federal criminal charges in this indictment, including Conspiracy To Defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempting to obstruct an official proceeding, and conspiracy against the rights of citizens. The indictment also mentions six alleged co conspirators, but non
I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
of the global markets. this after ratings agency, fitch stripped america of its highest credit rating. the firm cited a growing debt burdon and an erosion of governance that has manifested multiplied many times in debt limit stand offs. michelle fleury reports. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report, and for the first time since 2011, that rating has been downgraded from aaa to aa+. fitch said that the assault on the capitol onjanuary 6 was a factor in the decision, contributing to what they perceive as a steady deterioration of standards of governance over the last 20 years. from wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasury secretary janet yellen reacted with anger.
after us stocks closed lower on wednesday, joining the rest of the global markets. this after ratings agency, fitch stripped america of its highest credit rating. the firm cited a growing debt burdon and an erosion of governance that has manifested multiplied many times in debt limit stand offs. michelle fleury reports. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report, and for the first time since 2011, that rating has been downgraded from aaa to aa+. fitch said that the assault on the capitol onjanuary 6 was a factor in the decision, contributing to what they perceive as a steady deterioration of standards of governance over the last 20 years. from wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasury secretary janet yellen reacted with anger.