The cut of the US rating by Strandard & Poor's is "a terrible mistake", based on a "superficial knowledge" of the US financial situation. To speak, in an interview with CNBC, is the Secretary of the Treasury Timothy Geithner, who wanted to hearten investors thus: "The United States will never be insolvent, there is no risk".
Geithner, who put an end to the controversy surrounding his resignation by confirming his permanence in the administration in a letter to President Obama, then lingered on the challenges awaiting the country: “We will be able to overcome them – he declared -. We will be able to come out unscathed. That the United States had an unsustainable fiscal situation is nothing new. But the challenges do not concern this or that party. Both have their responsibilities in finding a solution to this situation,” he concluded, calling into question the main opposition party, the Republicans led by Congressional Speaker Boehner.
