Gina ewing testified that the Biden Administration has driven a historic recovery over the last three years and address the need for Regulatory Framework stable corns and Digital Assets. Intelligence and the financials actor. This is about two hours. Committee on banking an the committee will come to order. Secretary ellen who has been taxable in the schedule and we had to change the time from yesterday to today and then she has to leave at 11 30. We will risk back that. I will enforce the five minute rule on myself and everyone else. Thank you for understanding, all of you. For a long time, its clear what gets rewarded and wall street. Bigger risks mean bigger profits. Your profits mean more stock options. Bigger profits mean fatter bonuses. Then we end up with a wall street culture that glorifies seen just how much they can get away with. Executives know that when big bets pay off, they get to cash out and when is bets failed, they dont clean up the mess. Workers and taxpayers and ou
Fitch size it evaluated several factors before lowering Americas School from aaa to double a plus. But the core of the issue is spending, which many se is out of control. Political divisions also weighed heavily. So will this downgrade sway investors . What impact will it tough in washington . Yeah, before the next to us president ial election, well get to those issues with all guess in a moment that says this report by katia lopez hold on and its not the assessment the Us Government was hoping for. But the Reading Agency searches defending this decision to downgrade americas credit score from triple 8 to double 8 plus. It says, washington has a major spending problem. It hasnt managed to control. Most analysts agree, lets say the downgrade hurts the us treasurys ego more than the economy. The way ive described it to our clients is that if i was apply with of an airplane and you are the passenger, its going to get very bump be put on your seat belt, but the airplane is not going to cra
Evaluated, several factors before lowering americas schedule from aaa to aa plus. The core of the issue is spending, which many say is out of control. Political divisions weigh heavily. Will this downgrade sway investors . What impact will it have in washington, a year before the next u. S. President ial election . We will get to those issues with our guests in moment. This report, first. It is not the assessment the u. S. Government was hoping for, but the Rating Agency fitch is defending its decision to downgrade americas credit score from aaa to aa please standby aa please standby most analysts agree but say the downgrade hurts the u. S. Treasuries ego more than the economy. The way i described it to our clients is if i was a pilot of our airplane and you were the passenger, it is going to get very bumpy, put on your seatbelt, but the airplane is not going to crash. Were going to get to our destination which i think will be higher than today, both the s p and the dow. The reasons fo
Lets say the downgrade hurts the us treasury ego. More than the economy, the way ive described it to our clients is that if i was a pilot of an airplane and you are the passenger, its going to get very bumped be put on your seat belt, but the airplane is not going to crash. Were still going to get to our destination, which i think will be higher than it is today, both the s and p and the del majority. Leaders are the reasons for the downgrade, include, which, which describes as an erosion of government, including consensus last minute, congressional debates in june over the 32. 00 trillion dollar debts. The attack on the capital 2 years ago didnt help with any sliding between democrats and republicans. Brewing for years, analysts say, is now reached a boiling point, and we are polarized, where is polarized as weve ever been. We will know that between the democrats, republicans, we cant seem to Reach Agreement on anything. Investors look at Credit Ratings to evaluate their own investmen
Hello and welcome to the fact that loves the whole robin. The credit score of the worlds biggest a call to be downgraded. The Rating Agency fits, says it evaluated several factors before lowering Americas School from aaa to double a plus. But the core of the issue is spending, which many se is out of control. Political divisions also weighed heavily. So will this downgrade sway investors . What impact will it have in washington . Yeah, before the next to us president ial election, well get to those issues with all guess in a moment that says this report by category lopez hold on and its not the assessments the Us Government was hoping for. But the reading agency, such as defending this decision to downgrade americas credit score from triple 8 to double 8 plus it says washington has a major spending problem. It hasnt managed to control. Most analysts agreed, lets say the downgrade hurts the us treasury ego. More than the economy, the way ive described it to our clients is that if i was