This week, Fitch Ratings downgraded the U.S. long-term rating to AA+ from AAA — the top possible rating. It came as a surprise move to many and was lambasted by Treasury Secretary Janet Yellen.
Fitch blamed “the repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” in a statement.
MSNBC anchor and economic Ali Velshi joins us.
This article was originally published on WBUR.org.
Copyright 2023 NPR. To see more, visit https://www.npr.org.