Senator Joe Manchin (D-WV) arrives prior to Israeli President Isaac Herzog's address to a joint meeting of Congress at the U.S. Capitol in Washington, July 19, 2023.
WASHINGTON — Sen. Joe Manchin on Thursday called on his colleagues to take sorely needed budgetary steps to strengthen the economy after Fitch credit analysts' recent decision to downgrade the United States' long-held foreign issuer default rating.
Fitch downgraded the U.S. credit rating from AA+ to AAA on Tuesday, months after having placed the nation's rating on negative watch in May.
The credit rating firm cited the U.S. government's lengthy debt ceiling debate, along with the Jan. 6, 2021 insurrection at the U.S. Capitol, in its decision.
Manchin's warning comes a day after Treasury Secretary Janet Yellen called the Fitch downgrade decision "entirely unwarranted" based on a "flawed assessment."
Persons:
Joe Manchin, Isaac Herzog's, WASHINGTON — Sen, Fitch, Manchin, CNBC's, we're, Janet Yellen
Organizations:
U.S, Capitol, AAA, U.S . Capitol, West Virginia Democrat
Locations:
Washington, States