White House Prodding Rating Agencies to Endorse Reid Plan: Report

FOX Business Network’s Charlie Gasparino reports that “the White House is trying to prod the rating agencies to accept the Reid plan, which gives them political cover,” while saying “Boehner’s plan creates political uncertainty.” Excerpts from the report are below, courtesy of Fox Business Network.

On rating agencies being pressured by the White House to endorse a budget plan:
“Sources close to the rating agencies are saying that the White House is trying to get the rating agencies to endorse a certain plan. The White House is trying to prod the agencies to accept the Reid plan, which gives them political cover. They’re trying to say Boehner’s plan creates political uncertainty in the market because it’s two increases.

1 Comment on White House Prodding Rating Agencies to Endorse Reid Plan: Report

  1. It does make you question S&P’s and Moody’s credibility in the ratings game with the actions taken this week in Washington DC. I have been in credit and finance all my life and have never seen or heard of such a thing. There is something not right in the neighborhood.

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