Monday’s debt ceiling deal might satisfy those rating agencies that warned of a possible downgrade of the United States' credit rating if the the parties did not end the political stalemate. But does the deal reassure agencies worried about the fundamental weaknesses of the U.S. economy? Gillian Tett, a managing editor of the Financial Times, says a downgrade is inevitable and she tells us what to expect from the different ratings agencies and how the markets will react to an impending downgrade.
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The show is a co-production of WNYC Radio and Public Radio International, in collaboration with New York Times Radio and WGBH Boston.
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Comments [1]
I still dont understand why the US has a AA+ rating. It should be below investment grade. What the federal government should do is stop spending money it does not have.
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