🤑 💲

?? 💰

Have We Been to again? can we ?

WHO ARE THE REAL of the ?

POXY UKRAINE WARS?? IN THE NAME OF OIL?? 📉

WHO IS ACTUALLY OF AGAINST ?? 🚮

THE

USA EXPOSED

! ARE ALL OF AGAINST ??

*
* (FANG)
*
*
*
*
*
*
*
*
* (WALMART)
* FAMILY (OXY CONTIN)

in as hits 31 TRILLION_DEBT_CIELING?? (!) on the 19th January & Default Looms | Secretary (AKA ..) has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June. This would be the first time in history that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome.

Chapters:
0:00 Intro
1:55 USA
5:10 USA DEBT
6:57 USA DEBT HISTORY
8:02 LEVERAGE
10:01 USA DEBT HOLDERS
11:09 INTEREST COSTS
13:22 CURRENT DEBT
14:34 JANET YELLEN LETTER
18:35 SUMMARY & CONCLUSION

WHO IS THE BIGGEST ON THE PLANET. YOU GUESSED IT?

!!

youtu.be/9T8_KJbYDJI

Today for EARLY . TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.

Founder of (Search Engine Optimization)
Founder of (Real Time Bidding)
Founder of (High Frequency Trading)

Withbrains.com ® (Decentralized SOCIAL Network)
TastingTraffic.net ® ()
JustBlameWayne.com ® (Got Complaints Post it;)?)
Davidv.TV ® () are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#INTERNATIONAL_TECH_NEWS #DEBT_CEILING #LIED #who #TRUST #enemies #state #guilty #war_crimes #humanity #STOP #Money_Printing_Machines #Puppeteers #you #usa_treasury_dept #big_tech #JPMORGAN #vanguard #blackrock #blackstone #Koch_Bros #Sackler_Family #Rockefeller_Family #rothchilds #walton #SACKLER #usa #crisis #debt #GROSS_FINANCIAL_MISMANAGMENT #Memory_Lane #cash_runs_out #US_Treasury #Janet_Yellen #CROOK #FAKE_UKRAINE_WAR #Puppeteer #CONNECT #INVITE #SEO #RTB #HFT #Big_Faith

Last updated 1 year ago

🤑 💲

?? 💰

Have We Been to again? can we ?

WHO ARE THE REAL of the ?

POXY UKRAINE WARS?? IN THE NAME OF OIL?? 📉

WHO IS ACTUALLY OF AGAINST ?? 🚮

THE

USA EXPOSED

! ARE ALL OF AGAINST ??

*
* (FANG)
*
*
*
*
*
*
*
*
* (WALMART)
* FAMILY (OXY CONTIN)

in as hits 31 TRILLION_DEBT_CIELING?? (!) on the 19th January & Default Looms | Secretary (AKA ..) has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June. This would be the first time in history that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome.

Chapters:
0:00 Intro
1:55 USA
5:10 USA DEBT
6:57 USA DEBT HISTORY
8:02 LEVERAGE
10:01 USA DEBT HOLDERS
11:09 INTEREST COSTS
13:22 CURRENT DEBT
14:34 JANET YELLEN LETTER
18:35 SUMMARY & CONCLUSION

WHO IS THE BIGGEST ON THE PLANET. YOU GUESSED IT?

!!

youtu.be/9T8_KJbYDJI

Today for EARLY . TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.

Founder of (Search Engine Optimization)
Founder of (Real Time Bidding)
Founder of (High Frequency Trading)

Withbrains.com ® (Decentralized SOCIAL Network)
TastingTraffic.net ® ()
JustBlameWayne.com ® (Got Complaints Post it;)?)
Davidv.TV ® () are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#INTERNATIONAL_TECH_NEWS #DEBT_CEILING #LIED #who #TRUST #enemies #state #guilty #war_crimes #humanity #STOP #Money_Printing_Machines #Puppeteers #you #usa_treasury_dept #big_tech #JPMORGAN #vanguard #blackrock #blackstone #Koch_Bros #Sackler_Family #Rockefeller_Family #rothchilds #walton #SACKLER #usa #crisis #debt #GROSS_FINANCIAL_MISMANAGMENT #Memory_Lane #cash_runs_out #US_Treasury #Janet_Yellen #CROOK #FAKE_UKRAINE_WAR #Puppeteer #CONNECT #INVITE #SEO #RTB #HFT #Big_Faith

Last updated 1 year ago

🤑 💲

?? 💰

Have We Been to again? can we ?

WHO ARE THE REAL of the ?

POXY UKRAINE WARS?? IN THE NAME OF OIL?? 📉

WHO IS ACTUALLY OF AGAINST ?? 🚮

THE

USA EXPOSED

! ARE ALL OF AGAINST ??

*
* (FANG)
*
*
*
*
*
*
*
*
* (WALMART)
* FAMILY (OXY CONTIN)

in as hits 31 TRILLION_DEBT_CIELING?? (!) on the 19th January & Default Looms | Secretary (AKA ..) has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June. This would be the first time in history that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome.

Chapters:
0:00 Intro
1:55 USA
5:10 USA DEBT
6:57 USA DEBT HISTORY
8:02 LEVERAGE
10:01 USA DEBT HOLDERS
11:09 INTEREST COSTS
13:22 CURRENT DEBT
14:34 JANET YELLEN LETTER
18:35 SUMMARY & CONCLUSION

WHO IS THE BIGGEST ON THE PLANET. YOU GUESSED IT?

!!

youtu.be/9T8_KJbYDJI

Today for EARLY . TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.

Founder of (Search Engine Optimization)
Founder of (Real Time Bidding)
Founder of (High Frequency Trading)

Withbrains.com ® (Decentralized SOCIAL Network)
TastingTraffic.net ® ()
JustBlameWayne.com ® (Got Complaints Post it;)?)
Davidv.TV ® () are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#INTERNATIONAL_TECH_NEWS #DEBT_CEILING #LIED #who #TRUST #enemies #state #guilty #war_crimes #humanity #STOP #Money_Printing_Machines #Puppeteers #you #usa_treasury_dept #big_tech #JPMORGAN #vanguard #blackrock #blackstone #Koch_Bros #Sackler_Family #Rockefeller_Family #rothchilds #walton #SACKLER #usa #crisis #debt #GROSS_FINANCIAL_MISMANAGMENT #Memory_Lane #cash_runs_out #US_Treasury #Janet_Yellen #CROOK #FAKE_UKRAINE_WAR #Puppeteer #CONNECT #INVITE #SEO #RTB #HFT #Big_Faith

Last updated 1 year ago

🤑 💲

?? 💰

Have We Been to again? can we ?

WHO ARE THE REAL of the ?

POXY UKRAINE WARS?? IN THE NAME OF OIL?? 📉

WHO IS ACTUALLY OF AGAINST ?? 🚮

THE

USA EXPOSED

! ARE ALL OF AGAINST ??

*
* (FANG)
*
*
*
*
*
*
*
*
* (WALMART)
* FAMILY (OXY CONTIN)

in as hits 31 TRILLION_DEBT_CIELING?? (!) on the 19th January & Default Looms | Secretary (AKA ..) has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June. This would be the first time in history that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome.

Chapters:
0:00 Intro
1:55 USA
5:10 USA DEBT
6:57 USA DEBT HISTORY
8:02 LEVERAGE
10:01 USA DEBT HOLDERS
11:09 INTEREST COSTS
13:22 CURRENT DEBT
14:34 JANET YELLEN LETTER
18:35 SUMMARY & CONCLUSION

WHO IS THE BIGGEST ON THE PLANET. YOU GUESSED IT?

!!

youtu.be/9T8_KJbYDJI

Today for EARLY . TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.

Founder of (Search Engine Optimization)
Founder of (Real Time Bidding)
Founder of (High Frequency Trading)

Withbrains.com ® (Decentralized SOCIAL Network)
TastingTraffic.net ® ()
JustBlameWayne.com ® (Got Complaints Post it;)?)
Davidv.TV ® () are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#INTERNATIONAL_TECH_NEWS #DEBT_CEILING #LIED #who #TRUST #enemies #state #guilty #war_crimes #humanity #STOP #Money_Printing_Machines #Puppeteers #you #usa_treasury_dept #big_tech #JPMORGAN #vanguard #blackrock #blackstone #Koch_Bros #Sackler_Family #Rockefeller_Family #rothchilds #walton #SACKLER #usa #crisis #debt #GROSS_FINANCIAL_MISMANAGMENT #Memory_Lane #cash_runs_out #US_Treasury #Janet_Yellen #CROOK #FAKE_UKRAINE_WAR #Puppeteer #CONNECT #INVITE #SEO #RTB #HFT #Big_Faith

Last updated 1 year ago

🤑 💲

?? 💰

Have We Been to again? can we ?

WHO ARE THE REAL of the ?

POXY UKRAINE WARS?? IN THE NAME OF OIL?? 📉

WHO IS ACTUALLY OF AGAINST ?? 🚮

THE

USA EXPOSED

! ARE ALL OF AGAINST ??

*
* (FANG)
*
*
*
*
*
*
*
*
* (WALMART)
* FAMILY (OXY CONTIN)

in as hits 31 TRILLION_DEBT_CIELING?? (!) on the 19th January & Default Looms | Secretary (AKA ..) has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June. This would be the first time in history that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome.

Chapters:
0:00 Intro
1:55 USA
5:10 USA DEBT
6:57 USA DEBT HISTORY
8:02 LEVERAGE
10:01 USA DEBT HOLDERS
11:09 INTEREST COSTS
13:22 CURRENT DEBT
14:34 JANET YELLEN LETTER
18:35 SUMMARY & CONCLUSION

WHO IS THE BIGGEST ON THE PLANET. YOU GUESSED IT?

!!

youtu.be/9T8_KJbYDJI

Today for EARLY . TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.

Founder of (Search Engine Optimization)
Founder of (Real Time Bidding)
Founder of (High Frequency Trading)

Withbrains.com ® (Decentralized SOCIAL Network)
TastingTraffic.net ® ()
JustBlameWayne.com ® (Got Complaints Post it;)?)
Davidv.TV ® () are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#INTERNATIONAL_TECH_NEWS #DEBT_CEILING #LIED #who #TRUST #enemies #state #guilty #war_crimes #humanity #STOP #Money_Printing_Machines #Puppeteers #you #usa_treasury_dept #big_tech #JPMORGAN #vanguard #blackrock #blackstone #Koch_Bros #Sackler_Family #Rockefeller_Family #rothchilds #walton #SACKLER #usa #crisis #debt #GROSS_FINANCIAL_MISMANAGMENT #Memory_Lane #cash_runs_out #US_Treasury #Janet_Yellen #CROOK #FAKE_UKRAINE_WAR #Puppeteer #CONNECT #INVITE #SEO #RTB #HFT #Big_Faith

Last updated 1 year ago

| Have We Been Lied to again? Who can we Trust? WHO ARE THE REAL of the ? POXY UKRAINE WARS?? IN THE NAME OF OIL?? WHO IS ACTUALLY OF AGAINST ??

THE

USA EXPOSED

! ARE ALL OF AGAINST ??

*
* (FANG)
*
*
*
*
*
*
*
*
* (WALMART)
* FAMILY (OXY CONTIN)

in as hits 31 TRILLION_DEBT_CIELING?? (!) on the 19th January & Default Looms | Secretary (AKA ..) has written to Congress advising that the USA is due to hit the maximum $31 Trillion Debt Ceiling on 19th January 2023 and unless the Limit is Increased the USA is likely to DEFAULT on its Debt Obligations by June. This would be the first time in history that the USA has Defaulted and would have major repercussions for both the USA and the Global Economy. In this video I provide more details on the Debt Ceiling, look at the current debt position, review Janet Yellen's letter, the implications of a USA default and discuss the likely outcome.

Chapters:
0:00 Intro
1:55 USA
5:10 USA DEBT
6:57 USA DEBT HISTORY
8:02 LEVERAGE
10:01 USA DEBT HOLDERS
11:09 INTEREST COSTS
13:22 CURRENT DEBT
14:34 JANET YELLEN LETTER
18:35 SUMMARY & CONCLUSION

WHO IS THE BIGGEST ON THE PLANET. YOU GUESSED IT?

!!

youtu.be/9T8_KJbYDJI

Today for EARLY . TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.

Founder of (Search Engine Optimization)
Founder of (Real Time Bidding)
Founder of (High Frequency Trading)

Withbrains.com ® (Decentralized SOCIAL Network)
TastingTraffic.net ® ()
JustBlameWayne.com ® (Got Complaints Post it;)?)
Davidv.TV ® () are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#INTERNATIONAL_TECH_NEWS #enemies #state #guilty #war_crimes #humanity #STOP #Money_Printing_Machines #Puppeteers #you #usa_treasury_dept #big_tech #JPMORGAN #vanguard #blackrock #blackstone #Koch_Bros #Sackler_Family #Rockefeller_Family #rothchilds #walton #SACKLER #usa #crisis #debt #GROSS_FINANCIAL_MISMANAGMENT #Memory_Lane #cash_runs_out #US_Treasury #Janet_Yellen #CROOK #FAKE_UKRAINE_WAR #Puppeteer #CONNECT #INVITE #SEO #RTB #HFT #Big_Faith

Last updated 1 year ago

from AAA to AA+

The US government's has been following concerns over the state of the country's finances and its debt burden.

Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.

Fitch said it had noted a in governance over the last 20 years.

called the downgrade "arbitrary".

It was based on "outdated data" from the period 2018 to 2020, she said.

MORE ! YOUR FIRED! NO MORE BOGUS EXCUSES YOUR FIRED!

Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government. The US is usually considered a highly secure investment because of the size and relative stability of the economy.

However, this year saw another round of political brinkmanship over government borrowing.

In June the government succeeded in lifting the debt ceiling to $31.4 trillion (£24.6 trillion) but only after a drawn-out political battle, which threatened to push the country into defaulting on its debts.

When Congress returns from its summer recess, lawmakers will have to work to reach an agreement on next year's budget before the end of September to prevent a government shutdown.

"The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance" relative to peers, said Fitch in a statement.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said.

Ms Yellen said she "strongly" disagreed with Fitch's decision.

"Treasury securities remain the world's preeminent safe and liquid asset, and... the American economy is fundamentally strong," she said in a statement.

The timing and rationale behind the downgrade has taken many economists by surprise.

Former US Treasury Secretary Larry Summers said Fitch's decision is "bizarre and inept," particularly as the US economy "looks stronger than expected," he said in a post on Twitter, now known as X.

Mohamed El-Erian, the chief economic adviser at financial services giant Allianz, said the Fitch announcement was "a strange move".

"This announcement is more likely to be dismissed than have a lasting disruptive impact on the US economy and markets," he posted on the Threads social media platform.

Fitch also said it expects the US to slip into a mild recession later this year.

However, *Nobel Prize-winning economist Paul Krugman said "the biggest economic news over the past year has been America's remarkable success at getting inflation down without a recession".

* TOTAL ABOVE FOLKS!!

bbc.com/news/business-66379366

JOBS FOR ALL WORLDWIDE!

CONNECT Today for EARLY . TastingTraffic LAUNCHING SOON!

WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending).

Upon launch all will be notified.

* Software Architect (PhD) Supervisor -25 years 100K PMS hours
* EXPERT BLACK BOX TESTER
* Founder of SEO (Search Engine Optimization)
* Founder of RTB (Real Time Bidding)
* Founder of HFT (High Frequency Trading)

Withbrains.com/@Davidv ® (Decentralized SOCIAL Network | Signup for Early Invite);
TastingTraffic.net ® ();
JustBlameWayne.com ® (Just Blame Wayne & Post it);
Davidv.TV ® (Big Faith | Christianity RAW 101) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#Fitch #downgrades #usa #credit_rating #DOWNGRADED #steady_deterioration #US_Treasury_Secretary #Janet_Yellen #BULLSHIT #INVITE #INTERNATIONAL_TECH_NEWS

Last updated 1 year ago

from AAA to AA+

The US government's has been following concerns over the state of the country's finances and its debt burden.

Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.

Fitch said it had noted a in governance over the last 20 years.

called the downgrade "arbitrary".

It was based on "outdated data" from the period 2018 to 2020, she said.

MORE ! YOUR FIRED! NO MORE BOGUS EXCUSES YOUR FIRED!

Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government. The US is usually considered a highly secure investment because of the size and relative stability of the economy.

However, this year saw another round of political brinkmanship over government borrowing.

In June the government succeeded in lifting the debt ceiling to $31.4 trillion (£24.6 trillion) but only after a drawn-out political battle, which threatened to push the country into defaulting on its debts.

When Congress returns from its summer recess, lawmakers will have to work to reach an agreement on next year's budget before the end of September to prevent a government shutdown.

"The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance" relative to peers, said Fitch in a statement.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said.

Ms Yellen said she "strongly" disagreed with Fitch's decision.

"Treasury securities remain the world's preeminent safe and liquid asset, and... the American economy is fundamentally strong," she said in a statement.

The timing and rationale behind the downgrade has taken many economists by surprise.

Former US Treasury Secretary Larry Summers said Fitch's decision is "bizarre and inept," particularly as the US economy "looks stronger than expected," he said in a post on Twitter, now known as X.

Mohamed El-Erian, the chief economic adviser at financial services giant Allianz, said the Fitch announcement was "a strange move".

"This announcement is more likely to be dismissed than have a lasting disruptive impact on the US economy and markets," he posted on the Threads social media platform.

Fitch also said it expects the US to slip into a mild recession later this year.

However, *Nobel Prize-winning economist Paul Krugman said "the biggest economic news over the past year has been America's remarkable success at getting inflation down without a recession".

* TOTAL ABOVE FOLKS!!

bbc.com/news/business-66379366

JOBS FOR ALL WORLDWIDE!

CONNECT Today for EARLY . TastingTraffic LAUNCHING SOON!

WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending).

Upon launch all will be notified.

* Software Architect (PhD) Supervisor -25 years 100K PMS hours
* EXPERT BLACK BOX TESTER
* Founder of SEO (Search Engine Optimization)
* Founder of RTB (Real Time Bidding)
* Founder of HFT (High Frequency Trading)

Withbrains.com/@Davidv ® (Decentralized SOCIAL Network | Signup for Early Invite);
TastingTraffic.net ® ();
JustBlameWayne.com ® (Just Blame Wayne & Post it);
Davidv.TV ® (Big Faith | Christianity RAW 101) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#Fitch #downgrades #usa #credit_rating #DOWNGRADED #steady_deterioration #US_Treasury_Secretary #Janet_Yellen #BULLSHIT #INVITE #INTERNATIONAL_TECH_NEWS

Last updated 1 year ago

from AAA to AA+

The US government's has been following concerns over the state of the country's finances and its debt burden.

Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.

Fitch said it had noted a in governance over the last 20 years.

called the downgrade "arbitrary".

It was based on "outdated data" from the period 2018 to 2020, she said.

MORE ! YOUR FIRED! NO MORE BOGUS EXCUSES YOUR FIRED!

Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government. The US is usually considered a highly secure investment because of the size and relative stability of the economy.

However, this year saw another round of political brinkmanship over government borrowing.

In June the government succeeded in lifting the debt ceiling to $31.4 trillion (£24.6 trillion) but only after a drawn-out political battle, which threatened to push the country into defaulting on its debts.

When Congress returns from its summer recess, lawmakers will have to work to reach an agreement on next year's budget before the end of September to prevent a government shutdown.

"The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance" relative to peers, said Fitch in a statement.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said.

Ms Yellen said she "strongly" disagreed with Fitch's decision.

"Treasury securities remain the world's preeminent safe and liquid asset, and... the American economy is fundamentally strong," she said in a statement.

The timing and rationale behind the downgrade has taken many economists by surprise.

Former US Treasury Secretary Larry Summers said Fitch's decision is "bizarre and inept," particularly as the US economy "looks stronger than expected," he said in a post on Twitter, now known as X.

Mohamed El-Erian, the chief economic adviser at financial services giant Allianz, said the Fitch announcement was "a strange move".

"This announcement is more likely to be dismissed than have a lasting disruptive impact on the US economy and markets," he posted on the Threads social media platform.

Fitch also said it expects the US to slip into a mild recession later this year.

However, *Nobel Prize-winning economist Paul Krugman said "the biggest economic news over the past year has been America's remarkable success at getting inflation down without a recession".

* TOTAL ABOVE FOLKS!!

bbc.com/news/business-66379366

JOBS FOR ALL WORLDWIDE!

CONNECT Today for EARLY . TastingTraffic LAUNCHING SOON!

WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending).

Upon launch all will be notified.

* Software Architect (PhD) Supervisor -25 years 100K PMS hours
* EXPERT BLACK BOX TESTER
* Founder of SEO (Search Engine Optimization)
* Founder of RTB (Real Time Bidding)
* Founder of HFT (High Frequency Trading)

Withbrains.com/@Davidv ® (Decentralized SOCIAL Network | Signup for Early Invite);
TastingTraffic.net ® ();
JustBlameWayne.com ® (Just Blame Wayne & Post it);
Davidv.TV ® (Big Faith | Christianity RAW 101) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#Fitch #downgrades #usa #credit_rating #DOWNGRADED #steady_deterioration #US_Treasury_Secretary #Janet_Yellen #BULLSHIT #INVITE #INTERNATIONAL_TECH_NEWS

Last updated 1 year ago

DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social
DavidV.TV Social ® · @DavidVTV
50 followers · 18540 posts · Server masthead.social