{"id":1991544,"date":"2023-08-04T21:50:02","date_gmt":"2023-08-05T01:50:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/out-of-control-government-borrowing-justifies-fitchs-us-rating-downgrade-blackstone-ceo\/"},"modified":"2023-08-04T21:50:26","modified_gmt":"2023-08-05T01:50:26","slug":"out-of-control-government-borrowing-justifies-fitchs-us-rating-downgrade-blackstone-ceo","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/out-of-control-government-borrowing-justifies-fitchs-us-rating-downgrade-blackstone-ceo\/","title":{"rendered":"Fitch&#8217;s US rating downgrade justified by excessive government borrowing: Blackstone CEO."},"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\">22<\/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%2Fout-of-control-government-borrowing-justifies-fitchs-us-rating-downgrade-blackstone-ceo%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=1991544&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>Blackstone\u2063 CEO Steve Schwarzman: Fitch Ratings Downgrade Justified<\/h2>\n<blockquote>\n<p>&#8220;The \u200bdecision by Fitch Ratings to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-found-economy-is-recovering-much-faster-than-officials-expected\/\" title=\"Fed Found Economy Is Recovering Much Faster Than Officials Expected\">downgrade<\/a> the United States&#8217; long-term credit rating is regrettable but <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/schiff-nadler-call-flynn-pardon-abuse-of-power\/\" title=\"Schiff, Nadler Call Flynn Pardon 'Abuse of Power'\">justified<\/a>,&#8221; said Blackstone CEO Steve Schwarzman on Friday.<\/p>\n<\/blockquote>\n<p>As the head of\u2063 a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/out-of-control-government-borrowing-justifies-fitchs-us-rating-downgrade-blackstone-ceo\/\" title=\"Fitch's US rating downgrade justified by excessive government borrowing: Blackstone CEO.\">firm managing approximately  trillion<\/a>, Mr. Schwarzman expressed his \u2064views on the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>expressed his disappointment with the downgrade of the US credit rating by Fitch Ratings. He acknowledged that the decision was warranted, attributing it to excessive government spending and the resulting increase in national debt. As the CEO of Blackstone, a company managing approximately $1 trillion, Schwarzman emphasized the significance of this downgrade.<\/p>\n","protected":false},"author":118,"featured_media":1991545,"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":[543],"tags":[],"class_list":["post-1991544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/1991544","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\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1991544"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1991544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1991545"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1991544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1991544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1991544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}