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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 Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years.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. I ....
Reacted with anger. I strongly disagree with fitchs reacted with anger. I strongly disagree with fitchs decision | disagree with fitchs decision and i disagree with fitchs decision and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data and assessment is based on outdated data and fails to reflect improvements across a range of indicators, improvements across a range of indicators, including those related indicators, including those related to governance, that we have related to governance, that we have seen related to governance, that we have seen over the past two and a half have seen over the past two and a half years. Gf of the democrats used the opportunity to point finger and republicans for their role in the recent Debt Limit Fight of all republicans blame it democrats and Joe Biden For joins of dollars in new spending for the many ec ....
republican nomination, donald trump is bringing in a good deal of cash, but there are questions about where all that money is going. we ll look into it. also ahead, more on the story we ve been following all week. the cocaine found at the white house, we re learning where exactly it was discovered and who had access to that area. plus, treasury secretary janet yellen kicks off high-level meetings in china with criticism of how beijing treats american companies. good morning. welcome to morning joe. it is friday, july 7th. joe and mika off this morning. with us, the host of way too early, jonathan lemire. jen palmieri. and associate editor of the washington post, eugene robinson. we re going to dive in with president defendant s co-defendant and personal aide, walt nauta. he has been arraigned on charges in the classified documents case. he pleaded not guilty in court in florida yesterday. this was the third attempt to arraign nauta, who was finally able to h ....
but as always, the finer details reveal the true winners and losers of the gop s latest manufactured political crisis has a new york times writes, the president and his negotiators believe they worked out a deal that allowed republicans to claim big spending cuts, even as the reality was far more modest. joining me now is one of those negotiators, shalanda young, director of the office of management and budget director. welcome back to the sunday show. thank you, jonathan. let s put on the screen some of the provisions of the law. i know we did that in the introduction. imposes new caps on federal spending for two years, restarts the federal student loan repayments, new work requirements for food stamps, cuts 1.8 billion dollars in irs funding, rescinds 30 billion dollars of unspent covid funds. now, the president the speaker both said they didn t get everything they wanted. what didn t the white house came? look, we always said, if you have a true budget discussi ....
extreme maga republican effort to default on our debt, crash the economy. i m worried about the consequences of us not coming to terms and raising the debt ceiling. at this point, it s economic terrorism. my communications to them are, stand firm. there s no reason not to. stand firm. you have a white house that is not serious. republicans want to drive us over the cliff of default. it s idiotic for anybody to consider anything other than what we had. we will ride it out. neil: does that sound like progress? we ll see. both sides far apart as lawmakers race to cut a deal we re told a week away. this as fitch, the big ratings agency warns that a credit down grade could be in the cards and maybe soon regardless of how this works out. welcome, everybody. i m neil cavuto. so much to get to. let s get to it with chad pergram on capitol hill on where things stand right now. hi, chad. good afternoon. the move by fitch and the ratings arm of morning start caught t ....