The U.S. gets downgraded, explained.
Tangle
Isaac Saul
4.8 • 672 Ratings
🗓️ 8 August 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Last week, the Fitch Ratings agency downgraded the U.S. government's top credit rating from AAA to AA+, a decision that drew an angry response from the White House and surprised investors. In the initial reaction to the announcement, investors moved money from stocks into government bonds and the dollar. Plus, why does Tangle have slightly more liberal readers than conservative?
You can read today's podcast here, today’s “Under the Radar” story here, and today’s “Have A Nice Day” story here.
Today’s clickables: Quick Hits (2:33), Today’s Story (04:23), Right’s Take (6:54), Left’’s Take (11:13), Isaac’s Take (15:48), Your Questions Answered (19:04), Under the Radar (22:08), Numbers (22:48), Have A Nice Day (23:27)
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Transcript
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| 0:35.2 | From executive producer Isaac Saul, this is Tangle. |
| 0:41.8 | Good morning, good afternoon and good evening and welcome to the Tangle podcast, the place we get views from across the political spectrum, some independent thinking, and a little bit of my take. |
| 1:00.7 | I'm your host, Isaac Saul, and on today's episode, we're going to be talking about the Fitch rating downgrade of the United States, what it might mean for the economy, and what we can kind of glean |
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