One of the country’s top credit rating agencies is warning that the U.S.‘s credit rating could be downgraded if the country were to default on its debt. This comes as the White House and congressional leaders are racing to reach a deal before the June 1 deadline. NBC News’ Ryan Nobles has the details.
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#DebtCeiling #Credit #Finance
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We need to default so that the Geriatrics can't keep on giving their grandchildren a bigger bill to pay off. They haven't balanced the budget in 22 years, next year's budget would be balanced if we default.
Who elected these fools? Deport them all!
Dump actually said the USA could just declare bankrupcy. Look it up. The American people – every single one of us are the creditors who loaned this money to our government, the MAGA GOP does not see the truth of this and threatens every single American citizen with this lunacy.
House republicans and democratic Senators must Cut 3 of 5 programs including special Education. We got downgrade special Education. Stop playing and state of emergency must be declared.
Disney character panties are the most cutest and comfortable kind of panties to wear rbcj
So McCarthy did the budget.made his input for spending and agreed to it with Democrats but now won't sign the check for the debt he created? And somehow that's the Democrats fault?
Maybe Republicans in house should have to pay the extra interest on our debt because of them not doing there job.😅
nancy pelosi would have settled this already
And now they are on vacation
This is all on Biden. He refused to even talk to republicans and was forced to after they passed a bill to raise the debt ceiling.
Seriously USA all your bragging about your economy, your credit rating was already downgraded! Your debt is the highest in the world, and a default will make you a Third World African nation. Just across your NORTHERN border is a country with a AAA credit rating, zero bank failures, and no sign of any debt default. Maybe Americans can explain why Canada is in such better shape?
This is gonna be the most MAGA thing I’ll ever say, if the govt can’t pay it’s bills/loans it has no right giving me a credit score
My welfare!
Here’s some advice….Stop importing immigrants at a cost of billions of $$$ dollars.
AND REPUBLICANS. DO. NOT. CARE. AT. ALL
Republicans are ALL OF A SUDDEN ready to spend less now that a Democrat is in the executive, but were okay with adding trillions in the deficit through the Tax cuts for the Uber wealthy.
Clowns 🤡
Simple. They dont get a holiday weekend. Why should they? They arent doing their jobs.
If Social Security gets cut then so do Congress Heads! Any Cuts we RIOT and destroy the country
Republicans lowed the US credit Rating before. Will probably happen again
"COULD be." Right. Like there's only a chance that would happen.
US government still has a credit rating I am surprised?
Warning credit down grade.
When a borrower has more debt than the can financially afford the Law has a prescription:
1. The borrower may file for debt consolidation. This would require the borrower to stop running up the balance.
In the case of the United States government debt, this could be avoided if billionaires and multi billion dollars businesses paid taxes.
2. The borrower may negotiate a settlement. This means that the borrower agrees to paid the settlement within a specific time frame.
In the case of the United States government; the Congress might cut Medicare and Medicaid, Section 8, colleges and universities cut what these institutions charge and introduce a moratorium on future increase.
3. The borrower may file for bankruptcy. And the court decides what gets paid.
In the case of the United States government the biggest franchise holders would find they are jointly liable.
It would be wise for those billionaires and multi billion dollars businesses to pay their fare share of taxes into the Nation's Treasury.
One final thought, a credit down grade could easily be avoided by the Congress outlawing credit discrimination.
4 of 5 Americans have 2 jobs ……the economy has never been good under Biden ever each american household pays an extra 10,000$ a year since he took office let alone printed 5 trillion $ in 8 months & his base is so dumb they blame the gop 😂😂😂😂
That would be on the head of boath parties who should fall into a fault if it happens.
I bet all the rich GOPs are licking their chops – getting ready to buy up all that stocks poor people have to sell. 🤦♂️
The reason why they don't want to spend less because he want to keep sending them checks to Ukraine focus on our nation 💯
It’s going to be so funny to watch this backfire in the faces of the GOP, leaving them blinking and stammering excuses that fall flat as a flitter.
McCarthy is doing trumps agenda
To bad Republicans just don't really care about America. They Love Russia though!
Won't be
I'm sure the democats are fighting hard to raise your taxes and spend more of your in there pet projects 😂😂😂😂😂😂😂
President Biden made clear that, as every other leader in both parties in Congress has affirmed, it is their shared duty not to allow an unprecedented and economically catastrophic default. The United States Constitution is explicit about this obligation, and the American people expect Congress to meet it in the same way all of his predecessors have. It is not negotiable or conditional.
Here we go again. Rinse and Repeat he doesn't care at all if the Government goes on furlough 🤬🤬🤬
Congress is the ones spending the money. Cut their water off.