{"id":1989512,"date":"2023-08-03T09:33:01","date_gmt":"2023-08-03T13:33:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-denounces-historic-failure-of-leadership-after-fitch-credit-downgrade\/"},"modified":"2023-08-03T09:34:33","modified_gmt":"2023-08-03T13:34:33","slug":"manchin-denounces-historic-failure-of-leadership-after-fitch-credit-downgrade","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-denounces-historic-failure-of-leadership-after-fitch-credit-downgrade\/","title":{"rendered":"Manchin slams &#8216;leadership failure&#8217; following Fitch 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\">16<\/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%2Fmanchin-denounces-historic-failure-of-leadership-after-fitch-credit-downgrade%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=1989512&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>Sen. Joe Manchin Calls for Fiscal Responsibility<\/h2>\n<p>Sen.\u2064 Joe Manchin (D-WV) has issued \u200da strong call for Washington to address its fiscal\u200d challenges \u2064following \u200dthe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-denounces-historic-failure-of-leadership-after-fitch-credit-downgrade\/\" title=\"Manchin slams 'leadership failure' following Fitch credit downgrade.\">recent credit\u200d rating downgrade<\/a> by Fitch. Describing the downgrade as a &#8220;stark warning&#8221; that cannot be ignored,\u200b Manchin emphasizes the need for urgent action.<\/p>\n<blockquote>\n<p>&#8220;We must act now to fully fund\u200c the government and address \u200dour \u200bnational debt before we wake up to a future where America&#8217;s superpower status is in jeopardy and we have\u200c lost the confidence of our allies around \u200dthe world,&#8221; Manchin said in a statement. &#8220;Every\u200d American will suffer if \u2062Washington politics get in the way of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-intel-warns-china-is-advancing-military-power-sharing-propaganda\/\" title=\"U.S. Intel warns China is advancing military power, sharing propaganda\">long-term solutions<\/a> that address these challenges.&#8221;<\/p>\n<\/blockquote>\n<h3>A\u2064 Historic Failure of Leadership<\/h3>\n<p>Fitch \u200cdowngraded the country&#8217;s credit rating from AAA to AA+ due \u2062to an \u2062&#8221;erosion of governance.&#8221; This is the first time a credit \u200dagency has taken\u200d such a step since 2011. The downgrade follows\u2064 a bitter fight over the debt ceiling,\u2063 with Manchin blaming both political parties and the Executive branch for\u2063 the failure of leadership.<\/p>\n<h3>A Blame\u200d Game<\/h3>\n<p>The \u200dannouncement of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-tells-congress-to-take-extraordinary-measures-to-avoid-debt-crisis\/\" title=\"Yellen Tells Congress To Take \u2018Extraordinary Measures\u2019 To Avoid Debt Crisis\">credit rating downgrade<\/a> has sparked a familiar blame \u200cgame among \u2064party leaders. Democrats fault Republicans for insisting on budget \u2064cuts, while the GOP denounces the trillions in new spending \u2064approved under \u2064the Biden administration. Former President Donald Trump\u200d also faces blame, with Fitch\u2064 citing the Jan. 6 riot \u2063at the Capitol \u2063as a factor in its decision-making.<\/p>\n<h3>A Showdown Over Federal Spending<\/h3>\n<p>Congress is heading towards another showdown over federal spending, \u2062with a Sept. 30\u2062 deadline to fund the government \u2063looming. Speaker Kevin McCarthy (R-CA) and President\u200d Joe Biden reached an agreement in May that effectively froze spending for next year and raised the debt ceiling \u200duntil after the 2024 election. However, demands for deeper cuts and desires to circumvent budget caps \u200bhave set Washington on a collision course once again.<\/p>\n<h3>Manchin&#8217;s Call for Bipartisanship<\/h3>\n<p>As the deadline approaches, Manchin urges elected leaders from both parties\u2064 to work together and send a clear \u200cmessage to the world. He\u2062 emphasizes the importance of taking necessary fiscal and budgetary\u2062 steps to restore the country&#8217;s credit rating and ensure a strong economy for future generations.<\/p>\n<p>Manchin, known \u200cfor his centrist approach, is\u200c considering whether to run for reelection in \u2062a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-seek-to-turn-deep-red-mississippi-blue-by-flipping-governors-seat\/\" title=\"Democrats Seek to Turn Deep-Red Mississippi Blue by Flipping Governor\u2019s Seat\">deeply red state<\/a>. While he has explored the idea \u2063of a third-party run for president, he has assured voters that \u200che \u2064has no intention \u200bof\u2064 being a &#8220;spoiler&#8221; in the 2024 race.<\/p>\n<p><em>Click <a href=\"https:\/\/www.washingtonexaminer.com\">here<\/a> to read more\u200c from The Washington Examiner.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sen. Joe Manchin (D-WV) urges Washington to address its fiscal issues as Fitch&#8217;s credit rating downgrade, a &#8220;stark warning,&#8221; cannot be overlooked. Fitch&#8217;s decision to lower the rating from AAA to AA+ on Tuesday, citing governance erosion, marks a historic move by a credit agency.<\/p>\n","protected":false},"author":1,"featured_media":1989513,"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-1989512","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\/1989512","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=1989512"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1989512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1989513"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1989512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1989512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1989512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}