The Fitch Ratings agency announced Monday that Israel’s credit rating remains at A+ and the outlook for the country’s economy is “stable,” noting that the country’s judicial reforms are not likely to have a negative impact on skills or investment.
During an interview with Bloomberg on Wednesday, White House Council of Economic Advisers Chair Jared Bernstein stated that the downgrade to America’s credit rating by Fitch isn’t giving credit where credit is due for legislation like the debt ceiling legislation
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the downgrading of the U.S. credit rating by Fitch and its concerns about government deficits and debt by stating that
Politicians and pundits might delight in aiming their blame-throwers at their rivals over the U.S. credit rating downgrade. For markets and the economy, however, it does not matter.
