Kevin O'Leary warns about downgraded US credit rating

O'Leary outlined the wide-reaching effects of such move, pointing to its potential impact on the U.S. dollar, the Treasury bill and the general faith in the U.S. government's ability to repay its bills.

O'Leary acknowledged the impact from the rating downgrade but also pointed to government spending, such as the Inflation Reduction Act and the CHIPS Act, as a boon for larger corporations. EXPERTS ASTONISHED BY BIDEN'S BOASTING ON ECONOMY: 'WHAT KIND OF WORLD DOES HE THINK HE'S LIVING IN?' Gowdy recalled previous government shutdowns while serving as a congressman, asking O'Leary why Fitch Ratings didn't make its decision to downgrade the U.S. debt rating then.and credit ratings operate separately of one another, he said government shutdowns are"more about politicians beating each other up" and"everybody knows in the last hour" a resolution will be reached.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

State Bank of India bets on private capex to grow corporate credit -ChairmanState Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country's largest lender said.
Source: Reuters - 🏆 2. / 97 Read more »