U.S. Federal Reserve System seal.

U.S. credit rating downgraded: What this means for Arizonans

ASU expert says political turmoil over debt limit influenced the country's new credit rating.

In this story aired Sept. 6, 2023, on Arizona PBS:

The government has to make decisions about how much they're going to want to borrow and not turn it into a political issue. When it becomes a political issue, people start to worry about what's going to happen.

Geoffrey Smith, clinical professor of finance

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