Skip to Main

August 01, 2023

Schweikert Statement on Fitch Downgrading the U.S. Credit Rating

WASHINGTON, D.C. — Today, U.S. Representative David Schweikert (AZ-01) released the following statement after Fitch Ratings downgraded the U.S. credit rating from “AAA” to “AA+”:

“Today’s decision by Fitch Ratings to downgrade U.S. sovereign debt to ‘AA+’ is yet another sign that incessant and irresponsible borrowing to fund bigger government is not without real repercussions.

“I’ve been outspoken in my belief that we need to get America’s fiscal house in order before it’s too late. Fitch’s downgrade should be seen as exactly what it is — a warning that continuing down the path of out-of-control borrowing will and does have serious consequences.”

Back to News