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Van Hollen Statement on Possible Moody's Downgrade

Statement

Date: July 13, 2011
Location: Washington, DC
Issues: Finance and Banking Economy and Fiscal

Today Maryland Congressman Chris Van Hollen, Ranking Member of the House Budget Committee, issued the following statement in response to the decision by Moody's Investors Service to place the United States' AAA bond rating under review, based on the "rising possibility" that the debt limit won't be raised on a timely basis.

"The fact that Moody's put the United States on its watch list and may downgrade our AAA bond rating underscores the danger for those who would hold our economy and jobs hostage to a rigid ideological agenda -- instead of acting in the best interests of our country. Playing Russian roulette with full faith and credit of the United States is reckless and irresponsible."


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