Stay updated with breaking news from Downgrading from. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Funding according to the treasury department to pay off those loans which would potentially lead to default which could have a number of serious ramifications, everything from downgrading of the country s credit scoring which could then increase the amount of money it costs to borrow for things. there are a number of people who are in government agencies would not end up getting paid because again the nation would have to use whatever money to pay off those debts. this default has not happened in us history. the other concerning thing and we saw this back in 2011 and 2012, just getting close to default has some of its potential issues. so as the deadline approaches there are questions about whether or not we could see some of those hits coming without even reaching default. ....
To let something really bad happen. that downgrading came after the fact, i think it surprised a lot of us. john boehner and barack obama were very serious, understood what was at stake, and weren t going to let anything bad happen. i think both sides understand what they re dealing with. they understand the risk of going over the cliff here, and that s why surprise, surprise, here at the very last minute when you need something to come together, here it is. we are somewhat on schedule, and i know it feels like we are running right up against the calendar, and we are. that s almost by design. you have to show your team that you were fighting until the very last minute. i ve said this before, this is not a complicated deal to pull together. we re not talking about like what we did in 2011 where it was $2 trillion worth of stuff. this is pretty straightforward. they re going to be able to get a deal in the next few days. that may end up being the easy part. i m more worried about the dra ....
Is in non-defense and non-entitlement agencies. fitch says invoking those options would not prevent a credit downgrade, citing legal challenges. those options are off the table in terms of saving money that the downgrading would cost. that s right. you heard the white house yesterday basically rule out the 14th amendment option. he thinks he may have that authority, he worries the litigation part would lay the country into default while we fought it out in the courts. you are not hearing the white house and the administration take on the same kind of sharp tone that you are hearing from the house democrats as a good cop/bad cop scenario here, which the biden team is leaving on the table. look, we are in a tight spot ....
Because he was a principal negotiator back in 2011. so he s had a lot of experience with coming up to the brink here, and i m sure that is informing how he approaches these negotiations. but he also knows how particularly vulnerable it is. so you wonder what the lessons learned were from 2011 so as not to, you know, come too close, make similar mistakes. yeah. well, look, i think that those are lessons that where absorbed you all. the other is you need to hold firm on certain principles. you would think after 2011 that both parties would understand that playing too much with this fire is a mistake. we saw the only downgrading in the industry of the united states credit downgrading around that. but here we are. ....
congresswoman it comes at a terrible time for new york city it s a terrible time for all cities in america. but new york is the focus of so many crime stories now. everything is built on top of each other but we have a d.a. in manhattan mr. bragg who has a terrible record in terms of downgrading a lot of violent crimes but except if they happen to know somebody is trying to defend the people in his subway car which has happened. but he downgraded 52% of felony cases to misdemeanors compared to 39% in all of 2019 before he became the d.a. i know that mayor and the d.a. art odds on some things. but what can you do about these prosecutors that keep letting violent criminals out? i am legislation of the rain and the prosecutors would expose what they are doing give the public transparency so they can recolor fire those districts ....