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Related: About this forumTop Credit Rating Agency Warns Trump's 'Failure to Concede' and GOP Voter Suppression Could Tank US
Top Credit Rating Agency Warns Trumps Failure to Concede and GOP Voter Suppression Could Tank US AAA StatusOutlook Negative
One of the Big Three credit reporting agencies that rate government bonds and securities on Tuesday issued a warning that the U.S. could lose its coveted AAA status over issues currently hanging over American democracy.
In a rating action commentary published just minutes after markets closed Fitch Ratings said it has affirmed the United States Long-Term Foreign Currency Issuer Default Rating (IDR) at AAA,' but warned: The Rating Outlook is Negative.
Why?
In a word, Trump.
The failure of the former president to concede the election and the events surrounding the certification of the results of the presidential election in Congress in January, have no recent parallels in other very highly rated sovereigns, Fitch declared, explaining its negative outlook warning. The redrafting of election laws in some states could weaken the political system, increasing divergence between votes cast and party representation. These developments underline an ongoing risk of lack of bipartisanship and difficulty in formulating policy and passing laws in Congress.
Fitch also suggested it does not see President Joe Biden getting the support he needs from Congress to fully fund his American Jobs Plan and American Families Plan.
Read more: https://www.thenewcivilrightsmovement.com/2021/07/top-credit-rating-agency-warns-trumps-failure-to-concede-and-gop-voter-suppression-could-tank-us-aaa-status/
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Top Credit Rating Agency Warns Trump's 'Failure to Concede' and GOP Voter Suppression Could Tank US (Original Post)
TexasTowelie
Jul 2021
OP
BootinUp
(46,928 posts)1. There are people who actively pursue instability. They must be
rooted out, and dealt with in a suitable manner.
msongs
(67,199 posts)2. speculators looking to profit off the political issues - nt
PortTack
(32,606 posts)3. Hello Wall Street..are you listening??
And whoever you are fitch...you arent paying attention. The reconciliation bill WILL pass..where do they find these idiots?
Lovie777
(11,992 posts)4. republicans are gleefully marching towards it . ..
they want the USA to fail.