See our complete schedule online at book tv. Org. The library of Congress National book festival Live Saturday beginning at 9 00 a. M. Eastern on cspan two. 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 indication they are a little less pertinent in the u. S. Ability to constantly repay the debt. Fitch is one of the big three credit agencies. All three have Credit Ratings on the u. S. Government. S p lowered their rating in 2011, so now two out of three credit agencies have low
Host just this past week of the Federal Reserve bank of new york reported americans are now 1 trillion in Credit Card Debt. To help us understand that and what it might mean for the broader economy, we are joined by matt schultz, chief credit analyst with lending tree. Com. Tell us about lending tree. What does your company do . Guest lending tree is an online marketplace where you can go and search for reddit card loans, auto loans, personal loans, mortgages. We are not a lender. We are a middleman to help people find the best prices on loans and compare rates, but we also have an Editorial Team that creates a lot of great content to help people make smart decisions about their money, and what to do when they have acquired credit. Host you said you are more of a broker, a guide for folks shopping for credit cards, for loans. What is lending trees relationship with the Credit Card Companies . Guest lending tree on the business side collects a bounty for every person who successfully ap
A surprise. Not a surprise was to both independence and accountability that was doubted by key republicans. Where will the hunter biden investigation go from here . How will the Biden Campaign respond . Will the mounting legal troubles of hunter biden and donald trump obscure other issues and candidates in the 2024 president ial race . It is saturday, august 12, 2023. Good morning and welcome to washington journal. Those questions and more about the announcement of the special counsel. We would like to hear your thoughts. 202 7488001 is the line to call for republicans. It is 202 7488000 for democrats. For independents and others, 202 7488002. You can send us a text at 202 7488003. Tell us your name and where you are texting from. We will also look for your comments on facebook and twitter, cspanwj. We will give you the chance to hear all of Merrick Garlands brief comments from yesterday. We will look at some analysis and update where the investigation is now. And we will hear from you
The progressive agenda. Cspans washington journal, join in the conversation live at 7 00 eastern sunday morning on cspan, cspan now, or online at cspan. Org. Announcer next week, cspan brings you 2024 coverage from the iowa state fair with president ial candidate avi kroy. And here from north dakota and miami mayor tuesday night. Former Vice President mike pence and on wednesday entrepreneur v ivek ramaswamy. Thursday night nikki haley and on friday governor ron desantis. Next week at 9 00 p. M. Eastern online and at cspan. Org. Announcer this year book tv marks 25 years of shining a spotlight on leading nonfiction authors and their books. From author talks, interviews, book tv has provided viewers with a front row seat to the latest literary discussions on history, politics, and so much more. You can watch book tv every sunday on cspan 2 or online at book tv. Org. Book tv, 25 years of television for serious readers. Announcer cspan is your unfiltered view of government. We are funded
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 indication they are a little less pertinent in the u. S. Ability to constantly repay the debt. Fitch is one of the big three credit agencies. All three have Credit Ratings on the u. S. Government. S p lowered their rating in 2011, so now two out of three credit agencies have lowered the rating because of federal debt. This is an indication they believe the risk of default is not high, but has gone