The Cost of Default

Fitch has put the US AAA credit rating on negative watch as you heard at the start of the podcast from Bloomberg TV. A downgrade event could be event driven within the next six months and highly likely with a one or two not downgrade possible. The CEA analysis for these sorts of scenarios, they ran analysis that suggests that this type of brinkmanship alone can cost annual GDP growth by around 30 basis points. And what did former President Trump have to say on his polling numbers in Rob DeSantis? That's Ron DeSantis and you've been watching him fall, he's falling at record levels and we'll keep it that way.