“I strongly disagree with Fitch’s decision, and I believe it is entirely unwarranted. “Fitch’s decision is puzzling in light of the economic strength we see in the United States,” she said in prepared remarks for an event in Virginia. economy and the Biden administration: Citing a string of recent strong economic reports, Treasury Secretary Janet Yellen sharply criticized the downgrade. “It's time to end Washington’s addiction to spending, and we have an opportunity to begin that during the appropriations process.”Ī defense of the U.S. “The Fiscal Responsibility Act debt ceiling deal does not change our nation’s trajectory,” they said on the social media site formerly known as Twitter. The conservative House Freedom Caucus also blamed Biden, saying he “played politics with a possible government default.” They also indicated that they would push for more spending reductions during the budget process this fall. “When Fitch specifically cited the problem of ‘last-minute’ resolutions, they may as well have noted Biden’s refusal to negotiate with Republicans for months, while insisting on even more wasteful spending,” House Ways and Means Committee Chairman Jason Smith, a Republican from Missouri, told Fox News. Republicans charged that it was President Biden’s fault for refusing to negotiate at an earlier date. Brendan Boyle, the top Democrat on the House Budget Committee, said, “Fitch’s decision to downgrade rests on the shoulders of Speaker McCarthy and the extreme MAGA Republicans who openly rooted for default.” Senate Budget Committee Chair Sheldon Whitehouse, Democrat from Rhode Island, said there’s “a straight line from Republicans’ manufactured debt crisis to Fitch’s downgrade,” while Rep. “Republicans need to learn from their mistakes and never push our country to the brink of default again.” “The downgrade by Fitch shows that House Republicans’ reckless brinksmanship and flirtation with default has negative consequences for the country,” Senate Majority Leader Chuck Schumer said in a statement. Political finger-pointing aplenty: Democrats and Republicans took turns blaming each other for the downgrade, with the former focusing on the recent showdown over raising the debt ceiling, in which Republicans refused to raise the debt limit unless Democrats agreed to spending cuts. credit rating from AAA to AA+ by Fitch on Tuesday has produced a range of reactions from politicians, economists and Wall Street analysts. Fitch Downgrade Sparks More of the Political Strife It Warned About
0 kommentar(er)
