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August 3, 2023
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 ...
August 3, 2023
"puzzling" and "unwarranted". 0ur north america business correspondent michelle fleury has more from new york. 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. the assault on the capital onjanuary 6th was a factor in its decision, contributing to what they perceive as a steady deterioration in standards of governance over the last...
August 3, 2023
Rating first time in more than a decade. the white house was caught off guard. edward lawrence joins us from 1600 pennsylvania aefr with the details. >> turns out you cant spend $5.8 trillion and have no consequences from this. fitch made the downgrading move for a number of reasons, one of them because deterioration of the economy over the next three years as well as the higher debt burden within that. so as interest rates rise to flight inflation, more taxpayer money is needed to pay the inter...
August 2, 2023
NEW YORK (Reuters) -Fitch downgraded the U.S. credit rating due to fiscal concerns, a deterioration in U.S governance, as well as political polarization reflected partly by the Jan. 6 insurrection, Richard Francis, a senior director at Fitch Ratings, told Reuters on Wednesday. In a move that took investors by surprise, Fitch downgraded the United States to AA+ from AAA on Tuesday, citing fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations that ...
August 2, 2023
Of its highest credit rating. the firm cited a growing federal debt burden and an erosion of governance that has manifested multiple times in debt limit standoffs. from new york, michelle fleury with the reactions. 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... the assault on the capitol on january 6 was a factor in its pos...
August 2, 2023
Rating from aaa to aa—plus. fitch cited expected fiscal deterioration over the next three years, as well as growing government debt burden. now, the downgrade also follows a debt ceiling agreement injune that saw months of political brinkmanship. credit ratings like these are used by investors to assess the risk profile of companies and government, us treasury and us government governments, rather. now, the us treasury secretary, janet yellen, said that she disagreed with fitchs move and said ...
August 2, 2023
Bret? >> bret: aishah hasnie live on capitol hill. thank you. president biden, meantime, has not yet commented on the latest trump indictment while the president enjoys another week long vacation at rehoboth beach, delaware the u.s. economy has suffered a major black mark. the u.s. credit rating has been downgraded. treasury officials say the u.s. economy is still strong but no longer at the highest level. correspondent mark meredith is near the presidents vacation home in delaware tonight. >> m...
August 1, 2023
Downgraded agency fitch has downgraded american top credit rating from aaa to aa plus. fitch cited expected physical deterioration over the next three years as well as growing government debt burden. the downgrade also follows a death—dealing agreement injune that saw once agreement injune that saw once a political bryggman ship. —— debt ceiling agreement for stub these are used by investors... the us treasury secretary janet yellen said she disagreed with the move and said it was based on...
July 29, 2023
Democratic transfer of power. on friday, general abdourahamanay t—chiani, who also goes by 0mar t—chiani appeared on state television, announcing himself as the countrys new ruler. he urged the population to remain calm. have a listen. translation: the action of the sea nsb has motivated by this old desire to conserve our beloved homeland in the face of the continuous deterioration of the continuous deterioration of the security situation of our country. the foreign authorities have failed t...
July 29, 2023
— general abdourahmane tchiani — made this address on state tv. translation: the action of the cns p has been motivated _ translation: the action of the cns p has been motivated by _ translation: the action of the cns p has been motivated by the _ translation: the action of the cns p has been motivated by the desire - translation: the action of the cns p has been motivated by the desire to i has been motivated by the desire to protect our homeland in the face of the continuing deterioration ...