Notice, blaming the stand off over the debt ceiling which was ultimately lifted any last minute bipartisan deal. The feud was cited by fitch is one of the reasons for the downgrade. Make no mistake, this is a major black eye for america. The us treasury, essentially government ious are seen as the bedrock of the Global Financial system. Fitch is essentially pointing out there is an erosion of trust in american leadership. Given the death and perceived safety of us treasuries, this downgrade is not likely to change its role in the financial system. Likely to change its role in the financialsystem. It likely to change its role in the financial system. It could, likely to change its role in the financialsystem. It could, however, make it potentially harder and more expensive for the government to borrow in the future. Right now the Us Government owes 30 trillion in debt. Fitch is highlighting that the Us Government has too much debt doesnt have a way to bring it down. And at washington at
to deal with this issue. that reach any kind of agreement on how to deal with this issue. to deal with this issue. that was michelle in to deal with this issue. that was michelle in new to deal with this issue. that was michelle in new york to deal with this issue. that was michelle in new york that - to deal with this issue. that was michelle in new york that the i michelle in new york that the latest. a little closer to home the government is hosting industry leaders in the energy sector as it seeks to strike a balance between energy security and finding a path choice net zero. the uk government is committed to finding hundred percent emissions free energy by 2050, but days ago the government approved hundred new licences for oil and gas extraction in the north sea and critics question whether that move is compatible with its climate promises. let s speak to tom burke, founding director of the independent think tank e 3g. let me put that question to you, can you have both, can