CSPAN Washington July 4, 2024
Washington journal continues. Host joining us this morning is keith hall, the former director of the Congressional Budget Office from 2019, let us begin with defining a Credit Rating. What is it and why does it matter . Guest it is not unlike the Credit Rating all of us individually have. It is Credit Services that are looking at debt. The federal government has been outspending revenues and making up for that by borrowing. They are evaluating the credit worthiness of the federal government. According to fitch, we always had a aaa highest rating and they have lowered it to a aa , which is an i...