Durbin Statement on S&P Downgrade of US Credit Rating
“S&P’s decision to downgrade the
“Last night’s downgrade is also a political one. Partisan gamesmanship over the debt has left global markets, rating agencies and the American public searching for stability. Until we agree that bipartisan leadership is the only path forward, our economy and
Last year, Senator Durbin served on the President’s Bipartisan Fiscal Commission and voted to support its debt reduction proposal. Since January, Durbin has worked with a bipartisan group of Senators, in a group known as the “Gang of Six,” to craft a proposal to cut the nation’s debt by $4 trillion over the next 10 years.
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