Fitch downgrade: Why, why now and why it matters
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.
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