Fitch Ratings to the Treasury Department on Monday afternoon set off a frenzy inside the Biden administration to respond to news that would once again put President Joe Bidens handling of the economy under the microscope . The move wasnt altogether unexpected Fitch placed the countrys credit rating on a negative watch list in May noting that it was at risk of a downgrade . The White House has played up Bidenomics in recent months as they seek to make his economic policies and message a critical plank in the presidents reelection argument to voters . Republicans on the other hand think they have plenty of room to criticize Biden on the economy and they plan to do so . The fierce pushback showed just how seriously Bidens orbit is taking its effort to shift voter perception on his economic policy . The Biden administration is likely concerned that a credit rating downgrade could further erode the publics trust in the president’s ability to improve Americas financial standing . The credit downgrade is not actually a reflection of the economys health but instead is focused on whether the American government is able to reliably pay its bills . The administration is worried that a downgrade could erode public trust in their ability to . improve America’s economic standing . to improve the economy . and that it is not a direct reflection of what they say they are . The decision is based on outdated data . Fitchs own models show a marked decline during the middle of the Trump administration and a slight increase since Biden took office. The administration declined to acknowledge any direct coordination with the decision to downgrade . to Fitch’s decision. The Treasury Secretary Janet Yellen said that Fitch. and said that this was a mistake by Fitch’s own models. and that the decision was made. It could provide a slight decline of .
Biden’s frustrated advisers crafted an ‘aggressive’ response to Fitch’s downgrade of US
