Statement from Press Secretary Karine Jean-Pierre on the Recent Decision by Fitch Ratings

We strongly disagree with this decision. The ratings model used by Fitch declined under President Trump and then improved under President Biden, and it defies reality to downgrade the United States at a moment when President Biden has delivered the strongest recovery of any major economy in the world. And it’s clear that extremism by Republican officials—from cheerleading default, to undermining governance and democracy, to seeking to extend deficit-busting tax giveaways for the wealthy and corporations—is a continued threat to our economy.

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Official news published at https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/01/statement-from-press-secretary-karine-jean-pierre-on-the-recent-decision-by-fitch-ratings/

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