ANOTHER Shutdown Looms | Time to Grow Up, Wise Up, and Choose Well | 11/13/23
The A.M. Update
Aaron McIntire
4.9 • 833 Ratings
🗓️ 13 November 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
Moody's lowers their credit status for the U.S. How quickly we've forgotten. On the campaing trail, Trump forgets who's president and DeSantis with a reminder of broken promises. PBS tries to shut down RFK Jr, and it didn't go well. And the RNC blinked.
Transcript
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| 0:00.0 | It's Monday, November 13, 2023. Another government shutdown looms. How quickly we forget, and it's |
| 0:06.5 | time to smarten up, grow up, and choose well. Next on the AM update. |
| 0:20.1 | The U.S. credit rating outlook was lowered from stable to negative this week, my Moody's |
| 0:24.9 | Investors' Services as another government shutdown looms. Moody said in a statement, quote, |
| 0:29.9 | continued political polarization within U.S. Congress raises the risk that successive governments |
| 0:35.0 | will not be able to reach consensus on a fiscal plan to |
| 0:38.1 | slow the decline in debt affordability. The statement went on to say, in the context of higher |
| 0:43.3 | interest rates without effective fiscal policy measures to reduce government spending or increase |
| 0:48.1 | revenues, Moody's expects that the U.S.'s fiscal deficits will remain very large, significantly |
| 0:53.4 | weakening debt affordability. |
| 0:55.6 | Republicans in the House are expected to try to avoid a shutdown by releasing a temporary spending measure, |
| 1:00.9 | as newly elected House Speaker Mike Johnson continues to negotiate with members before federal funding runs out next Friday. |
| 1:07.4 | While Moody's kept the United States AAA credit rating, |
| 1:10.7 | the two other major credit |
| 1:12.1 | rating agencies, S&P and Fitch, have lowered it to AA Plus, which Fitch did in August. S&P lowered |
| 1:18.0 | its rating in 2011. A mob of pro-Hamas supporters caused unrest in New York City on Friday night. |
| 1:24.2 | The throng of protesters attempted to storm Grand Central Station, splattered |
| 1:28.0 | fake blood on the New York Times building, and tore down American flags. Thousands of demonstrators |
| 1:33.8 | participated in the, quote, Flood Manhattan for Gaza protest Friday night. Protesters set fire |
| 1:39.0 | to an Israeli flag and destroyed copies of the Jewish Post newspaper. Vandals plastered the New York City |
| 1:45.2 | storefronts with anti-Israel messages such as Zionism is terrorism and resist colonial power |
| 1:51.0 | by any means necessary. Some protesters destroyed posters of Israeli hostages. Others demanded the |
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