State Department: ‘We’re going to get downgraded again’
Like I couldn’t have seen this coming. the State Department is now admitting that the U.S. credit rating, which was cut for the first time in history last year under Obama is going to be downgraded again.
At Tuesday’s State Department event, the Egyptian reporter asked analyst Kathy Bostjancic, director of Macroeconomic Analysis for the nonpartisan Conference Board, what impact the so-called “fiscal cliff” facing the U.S. federal government would have on the rating of U.S. Treasury securities.
“I mean, to me, it seems the odds of us getting downgraded again are very high,” said Bostjanic.