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of course, if we get a deal, hopefully we get out of this alive in terms of our bond ratings and we continue to issue debt. let s talk about the politics now. stand by. we are bringing in michael steele, the former republican national committee, former lieutenant governor of maryland. michael what about the possibility, the likelihood of the speaker, who went through those 15 rounds before winning, holding or getting the freedom caucus and others on his right to go along with a compromise, which will not be the deal that they passed? that s going to be the sticky part here, is putting all these pieces together. you have a lot of folks in the freedom caucus that are screaming, burn it down, let it default. janet yellen is making up the deadline. that kind of rhetoric coming from inside the caucus makes any
capping this idea of esg in our state. no esg in our pension fund. we have 180 billion pension fund. no esg in contracting local, state government. the bond ratings have to be done based on credit, not based on esg. and the esg stuff really that s just a veneer as well. a veneer for them to justify departing from traditional economics and mobilizing economic resources in service of an ideological agenda. they will say climate change or anti-second amendment or what not but i think i think the policies they are pursuing will be destructive. on a more fundamental level they are trying to change policy in this country without having to go through you folks. without having to put their name on a ballot or vote for folks. they know a lot of the policies they advocate would not do well at the ballot box.
Fitch said its upgrade of Kentucky's IDR "reflects material improvements to Kentucky's fiscal reserves since 2020 as a result of improved budgetary discipline.
"Our ratings reflect the progress the city has made over time on important issues like rebuilding reserves and improving the health of our pension fund," said Philadelphia Treasurer Jackie Dunn.