Fitch Ratings decision to downgrade US government debt has been seized upon by rival political factions as a new weapon of combat in their never-ending war, and finger pointing has already commenced. Although President Biden has yet to publicly comment on the ratings cut, aides claim he was initially irritated about the news. The House Freedom Caucus, a group of Republican lawmakers, is demanding lower spending levels during the looming shutdown fight, while Bidens team has blamed Donald Trump for the reduction.
Fitch's US Downgrade Is Stoking the Very Fight It Warned Against bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Biden Creates Team to Find Ways of Ending Debt-Limit Standoffs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) President Joe Biden has ordered the creation of a working group to study ways to circumvent future brinkmanship over the US debt limit, months after the nation was taken to the edge of default. Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock
On Monday's broadcast of NewsNation's "Morning in America," White House Council of Economic Advisers Chairman Jared Bernstein responded to President Joe | Clips