U.S. credit rating downgraded: What this means for Arizonans

More from this show

The United States’ credit rating just got downgraded.

Fitch Ratings — one of the three major U.S. credit agencies — cut the country’s AAA rating to AA+ recently. One main reason: the credit rating agency cited the January 6 insurrection and the close call on almost not lifting the debt ceiling in time as reasons for reducing the credit rating.

Other reasons include spiraling deficits and the two political parties’ unwillingness to come together to tackle long-term spending and fiscal issues facing America, such as Social Security and Medicare.

We spoke with Geoffrey Smith, a clinical professor at ASU’s W. P. Carey School of Business, to learn more about what this could mean for Arizonans.

Geoffrey Smith, Clinical Professor, W. P. Carey School of Business

Season of Light: Christmas with the Tabernacle Choir
airs Dec. 12

Season of Light: Christimas with the Tabernacle Choi

Lucy Worsley on the Mystery Queen
aired Dec. 3

Agatha Christie: Lucy Worsley on the Mystery Queen

Pavlo: Live in Santorini
aired Dec. 3

Don’t miss ‘Pavlo: Live in Santorini’

aired Nov. 28

Stewart Udall: The Politics of Beauty

Subscribe to Arizona PBS Newsletters

STAY in touch
with azpbs.org!

Subscribe to Arizona PBS Newsletters: