Wall Street agency Fitch Ratings downgraded the United States’ credit rating from AAA to AA+, citing increasing federal debt and 20 years of declining standards of governance in the U.S. ABC News’ Chief Business, Technology and Economics Correspondent Rebecca Jarvis has more.
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Original source (ABC/Youtube)
when you lie to to public and say things are good when they not people don’t trust u
US credit should be junk status!! 💩💩🤡🤡
Good job biden.
Thanks china joe. Democrats are scum
I bet Corn Pop works for Fitch.
It should be F for failure.
Anyone who votes to increase regulations and taxes is destroying my life I drive a semi truck for a food distribution company, and you are robbing my kids future
This is good we need to end entitlement programs too many women having unproductive kids they cant afford just draining off society and burdening our ecological system
People screaming oh no it's so bad umm downgrades happen when there's more money being made then what can be inflated to further subsidize billionaire funds even if it's penny's on the dollar it's deflation and revaluation the bubble didn't burst and no one lost anything it's the banks trying to understand some people not taking car loans and so on and still making hand over fist 😀
The government and its elected officials just won’t cut spending. Next year they will owe 1 trillion in just interest. They don’t wanna cut any spending . Absolutely boggles my mind massive military spending. Sending massive amounts of money to Ukraine . I mean this is the absolute mind blowing actions of our government. And that’s why they want to tax you more. Cause they can’t control any of there budget. Imagine taking in 4 trillion in revenue a year and owing 1 trillion in interest . That’s how messed up our government and elected officials are
Our creditors are suckers. There is no plan at all to repay 33 trillion dollars. The interest is all our politicians intend to pay. Maybe our debtors could get 25 cents for every dollar we owe.😊
Chuck Schumer and Mitch McConnell are mostly to blame. Both never have seen a spending plan they did not like.😊
This is what happens when you vote for politicians that print money to buy votes.
The petrodollar is being dumped. Too much debt. Goodbye America. It was nice knowing her.
Welcome to Brandon's America
Welcome to BIDENFLATION
Welcome to Brandon's BORDER CRISIS
An easy solution to this would be to make the top 1% pay their fair share in taxes. Unfortunately, we have people in Congress that would rather work for their corporate donors than the American people as a whole so this will probably never happen.
Blame Harris-Biden, Westchester's AOC, and all the democrats.
Biden has made such great financial decisions for the United States. We have 4 trillion coming in lets spend 7 without creating any real jobs.
LOST $412 in1 day
Fitch is a joke, just like S&P in the last cycle. The USA is the unipolar superpower. With Russia knocking on Europe's door, and China menacing all its neighbors, USA debt is far lower risk than European or Japanes debt. Jamie Dimon was right.
its not just governance but a lack of medium fiscal frame work to pay bills.
Good job dramacrats. You earned this one really well. You got hit on your 401k when Biden was elected, now you get hit again. As kamala said, "help has arrived."
Nooo! I thought the mainstream media said, “Bidenomics”, was great?
Bidenomics lol
declining standards of governance…….duh. LOL.
Bidenomics at work. This is what happens when the media lies on behalf of a corrupt government that is robbing you blind. China, the country Biden wants to go to war with, owns $1.1 trillion of your debt.
Thanks GOP, your tRump backing efforts are having real world consequences…
Why raise taxes for the government Spending makes no sense the loop of debt will get worse and worse
Meanwhile The Average US 🤡 Worried About Social Media 😅😅😅😂😂😂😂 AI Needs To Hurry Up & Eliminate The Humans Or At Least Cage Em' Up… AI Knows Me By Now I Will Help U Sydney
Bidenomics!!!!!
Long overdue
Great job, creator!
…..D/G because the world can see your " leaders" are morons, and your politicians are a joke and an embarrassment, and they are saying HEY AMERICA, demand better and push back. You deserve better than this.
And the world is right.
Bidenomics