OMB director: It's never good to scare the world economy

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OMB director: It's never good to scare the world economy
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“Brinksmanship is bad. And while we don't control the Fitch process, this is exactly why we talked about this for months,' Office of Management and Budget director Shalanda Young said.

“Brinksmanship is bad. And while we don’t control the Fitch process, this is exactly why we talked about this for months,” Office of Management and Budget director Shalanda Young said.

“Brinksmanship is bad. And while we don’t control the Fitch process, this is exactly why we talked about this for months, that we should not have this brinksmanship around something Congress has done 100 times in its history,” Young said on CNN’s “State of the Union.” “I’m glad we finally got there,” Young said of the debt deal she helped broker. “But we have warned against this brinksmanship. It’s bad for the country. It’s bad for the global economy.”

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