Obama acknowledges AAA credit rating at risk


Speaking from the White House on Friday, President Barack Obama warned that the US could lose its coveted AAA credit rating if politicians cannot agree on a package to raise the debt ceiling.

"We are almost out of time," Obama said. Adding that if the AAA rating were to be lost, it would not be because the US did not have the ability to pay its bills, but "because we didn't have the AAA political system to match the credit rating".

There would be untold consequences were the political parties

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account