This week credit rating agency Moody’s threatened to follow Standard & Poor’s and downgrade the United States’s credit rating unless something substantive was done about the looming fiscal cliff before 2013. With Congress back in session this week, POLITICO reports that a “Gang of Eight” is meeting to come to some compromise to set up a process that would force Congress to act to diminish the debt, but sadly, it appears that top leaders in Washington still seem more satisfied with pointing fingers rather than serious negotiations.
Veronique de Rugy of Reason Magazine joined “Real News From The Blaze” Wednesday to talk about the fiscal cliff, and what Moody’s would like to see from the U.S. Government that would prevent another downgrade. Also, where is the president in negotiations on this, and how will action (or inaction) on this issue effect the presidential election? Watch a clip below: