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An ominous note now from one of the world's top credit agencies Fitch ratings says the US could lose its top credit rating.
If there's a delay in raising the debt limit.
Let's find out what senior political analyst Brit Hume thinks about this could -- break.
Good evening Brett.
The warning for the fifth straight ratings agency today is almost certain to become a talking point for the president Democrats who claim Republicans are using the debt ceiling recklessly.
As leverage to force spending cuts.
But worry over the debt ceiling is only a part of the reason for the -- warning the agency also said that even if the ceiling is raised it would likely downgrade anyway if there is no quote.
Credible medium term debt term deficit reduction plan.
You're called -- Standard and -- did downgrade US debt last August after the debt ceiling was raised amid much eleventh hour suspense.
The downgrade was promptly blamed on Republican brinksmanship in trying to use a debt ceiling.
-- you get it to get spending cuts while S&P did cite the debt ceiling mellow -- a part of its reason.
It -- more emphasis on its viewed that the debt ceiling deal quote.
Fall short of what in our view would be necessary to stabilize the government's medium term debt dynamics.
The debt ceiling deal didn't do enough about the debt itself.
So keep this in mind when you hear it said -- great certainty that is the Republicans trying to force spending cuts or endangering the nation's credit rating.
As will Rogers once put it it is and what we don't know that gives us trouble is what we know that ain't so Brett.
For the president has effectively turned the messaging -- round by saying it's about paying the bills that congress.
Has already passed the laws that it's already past Republicans.
Are saying it's about boring authority.
Essentially running up the country's credit.
Car exactly what the what the Republicans are saying is look we've maxed out the credit card.
It's time before we extend any new credit or allow any new credit to do something about the spending that got us here.
That would seem on the surface to be a reasonable argument.
But so far the Republicans have not really been able to win it and and what tends to happen in these fights is when you get all this late hour melodrama as we've had the last couple of times.
And people get close to a shutdown of the government or some other drastic consequence people tend to bring in the congress and in this in in this kind of situation intend to blame the Republicans.
But -- these ratings agencies put out statements.
Saying that that concern is about the death right that changes the -- Guess is that gets reported.
What tends to get reported is what they say about the debt ceiling in the melodrama.
And not about the death that's what has been so far anyway -- thank you can --
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