As with most events in life, timing was everything. Fitch Ratings, Ltd. released a statement Tuesday announcing its intention to lower the U.S. credit rating unless the Administration and Congress can incorporate responsible fiscal policy (i.e., a balanced budget) into the upcoming debt ceiling debate. The press release took on special meaning in light of the presidential press conference less than 24 hours before, during which Obama pledged to ignore any deals from Congress matching the debt-ceiling increase with equal spending cuts.
Ten Shut Down Government Agencies You Didn't Know You Were Missing
Now that we're a little more than a week on from the government shutdown's start, Americans are a beginning to feel the effects of not having a bureaucratic nightmare breathing down their necks as they make all of their major life decisions. Can the governent breathe down our necks while the website that powers the government's own health care plan is still non-functional? Unfortunately, it can.