the last of us 2 gameplay walkthrough part 1 videos

The rating agency cited the “high and growing” government debt, which currently stands at more than $32 trillion (that’s just under $100,000 for every single person in America).įormer US Treasury Secretary, Larry Summers, called the decision bizarre.

The downgrade, said Fitch, reflected the “expected fiscal deterioration” of the country over the next three years. 'It's going to be catastrophic:' The debt ceiling standoff is worrying for some Americans Visitors outside the US Capitol building in Washington, DC, US, on Tuesday, May 23, 2023. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” Fitch said of the downgrade. The deal was ultimately signed on June 2, just three days before the US Treasury said the US could run out of money to pay its bills. During that time, lawmakers in Congress were engaged in a bitter dispute over raising the debt limit to keep the federal government from defaulting on its financial obligations. “As long as the Federal Reserve continues to treat US issued paper as AAA rated credit so will financial market participants.”Ī little bit more: This May, Fitch agency put the country’s perfect AAA rating on watch as the debt ceiling fight raged on. “My sense is that the Fitch downgrade of the US credit rating is an insignificant development and will not move financial markets or the economy,” said Joseph Brusuelas, chief economist at RSM US. US Treasuries actually rose as investors barreled out of stocks. Investors know this devil - they’ve been through it before, and they saw that the downgrade didn’t actually raise US borrowing costs significantly or hurt Treasury markets. Markets experienced their most volatile week since the global financial meltdown in 2008, and it took another six months for stocks to climb back up to their previous highs. On the first trading day after the downgrade the S&P 500 plummeted by 6.5%. That downgrade happened on a Friday afternoon, so investors had a weekend to think about their next move. In the midst of the very tense debt ceiling standoff of 2011, Standard and Poor’s downgraded US debt for the first time in history. Stocks sink after historic US credit rating downgrade Some 55 initial public offerings, or IPOs, have priced so far this year, raising $9.7 billion in proceeds, according to IPO tracker Renaissance Capital. A strong stock market turnaround is helping spur a resurgence in companies going public a year after the number of Wall Street newcomers fell to the lowest level since the Great Recession. flag flies over the side entrance to the New York Stock Exchange in New York Tuesday, July 18, 2023.

The last of us 2 gameplay walkthrough part 1 videos