{"id":1988181,"date":"2023-08-01T19:22:01","date_gmt":"2023-08-01T23:22:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-strongly-disagrees-with-us-credit-downgrade-blaming-republicans\/"},"modified":"2023-08-01T19:24:02","modified_gmt":"2023-08-01T23:24:02","slug":"white-house-strongly-disagrees-with-us-credit-downgrade-blaming-republicans","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-strongly-disagrees-with-us-credit-downgrade-blaming-republicans\/","title":{"rendered":"White House blames Republicans, &#8216;strongly disagrees&#8217; with US credit downgrade."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-strongly-disagrees-with-us-credit-downgrade-blaming-republicans%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1988181&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The White House Disagrees with Credit Downgrade, Blames \u2063Republicans<\/h2>\n<p>Press secretary Karine Jean-Pierre released a \u2064statement shortly after news\u2062 broke that Fitch Ratings downgraded \u200dthe U.S. credit rating. The announcement follows a\u2062 series\u200d of\u200c partisan debt standoffs on Capitol\u2062 Hill.<\/p>\n<h3>Biden Administration Incandescent\u200c Lightbulb Ban Takes \u2064Effect<\/h3>\n<p>&#8220;We strongly disagree with this decision,&#8221; Jean-Pierre said.\u200b &#8220;The \u2064ratings\u2062 model \u200dused\u200b by\u200b Fitch\u200d declined under President\u2064 Trump\u2064 and then improved\u200b under President Biden, and it defies reality to downgrade the United States at a moment when\u200d President Biden\u2064 has delivered the \u200cstrongest recovery \u200dof any major economy in the world.&#8221;<\/p>\n<p>Despite disagreeing with the agency&#8217;s decision, the White \u2064House\u200b also pointed fingers at the GOP.<\/p>\n<p>&#8220;It\u2019s \u2064clear\u200c that extremism by Republican officials \u2014\u200b from cheerleading default,\u200c to undermining governance\u2064 and democracy, to\u200c seeking to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-strongly-disagrees-with-us-credit-downgrade-blaming-republicans\/\" title=\"White House blames Republicans, 'strongly disagrees' with US credit downgrade.\">extend deficit-busting \u200btax giveaways<\/a> for the \u2063wealthy and corporations \u2014 is a continued threat to\u2063 our economy,&#8221; Jean-Pierre added.<\/p>\n<p>Fitch announced Tuesday evening that the United States&#8217;s\u200c &#8220;AAA&#8221; rating, the highest \u200dpossible, would be\u2064 downgraded to &#8220;AA+&#8221; following this past \u2063year&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/what-to-know-as-republicans-and-biden-prepare-for-debt-ceiling-battle\/\" title=\"What To Know as Republicans and Biden Prepare for Debt Ceiling Battle\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderate-democrats-white-house-resist-calls-to-eliminate-filibuster\/\" title=\"Moderate Democrats, White House resist calls to eliminate filibuster\">debt limit<\/a> showdown<\/a>, even though a hike was authorized by\u2062 Congress \u200band President Joe Biden before the July\u200c deadline.<\/p>\n<p>A similar spending showdown is expected to take place in September.<\/p>\n<p>&#8220;There \u2063has been a\u2064 steady deterioration in standards of governance over the last \u206220 years, \u2064including on fiscal\u200b and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,&#8221;\u200c Fitch wrote in a statement.<\/p>\n<p>Treasury Secretary Janet Yellen also said she strongly disagreed with \u2062the decision, calling it arbitrary and based on outdated data \u2063and listing improvements the Biden administration has made toward\u200b economic stability.<\/p>\n<p>But the nonpartisan Committee \u200dfor a \u2062Responsible Federal Budget\u2064 was \u200cless forgiving of both sides in the debt \u200cceiling showdown.<\/p>\n<p>CLICK HERE TO READ MORE FROM THE \u200cWASHINGTON EXAMINER<\/p>\n<p>&#8220;Today\u2019s downgrade should be \u200ca wake-up call \u2014 we need to get our country\u2019s fiscal and political house \u200cin order,&#8221; CRFB \u2063president \u2062Maya MacGuineas said. &#8220;The United States economy \u200bremains strong, but we are \u2062on an unsustainable trajectory.&#8221;<\/p>\n<p>CRFB pointed to a \u2064high and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pointing-to-national-debt-ratings-agency-issues-negative-outlook-for-us-aaa-creditworthiness\/\" title=\"Pointing To National Debt, Ratings Agency Issues \u2018Negative Outlook\u2019 For US \u2018AAA\u2019 Creditworthiness\">rising national debt<\/a>, increasing \u2064interest costs, and coming too close\u2064 to default\u2062 during the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-what-mccarthys-house-can-actually-get-done-before-2024\/\" title=\"Here\u2019s What McCarthy\u2019s House Can Actually Get Done Before 2024\">debt limit debate<\/a> as reasons for\u2062 the downgrade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The White House denies responsibility for the U.S. credit downgrade, blaming Republicans instead. Press secretary Karine Jean-Pierre issued a statement after Fitch Ratings&#8217; announcement, which came after numerous partisan debt disputes in Congress. Additionally, the Biden administration is implementing a ban on incandescent lightbulbs.<\/p>\n","protected":false},"author":1,"featured_media":1988182,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1988181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1988181"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1988182"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1988181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1988181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1988181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}