Fitch downgrades American credit rating…

[Mick1]

…after a private meeting with senior Biden aides in July. From AAA to AA+

https://www.msn.com/en-us/money/markets/credit-downgrade-shocks-biden-aides-as-more-debt-fights-loom/ar-AA1eHSC2

Biden officials were shocked that rapidly rising federal debt now approaching levels unseen since the end of WWII (expressed as a percentage of the overall economy) would result in a deteriorating credit rating.

You mean your credit risk profile deteriorates when you ladle on an unprecedented level of new debt? Who knew?

• This topic was modified 2 years, 8 months ago by Mick1.

Audaces fortuna iuvat

[Legend]

This news was largely superseded by Trump.  It’s big news. The US was downgraded under Obama as well.

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Sic transit gloria mundi (so shut up and get back to work)

[Author]

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