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U.S. credit downgrade: Debt problem is 'not being dealt with,' strategist says



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U.S. Treasury Secretary Janet Yellen called Fitch's credit downgrade "entirely unwarranted." American Action Forum President Douglas Holtz-Eakin, who is also a former director of the Congressional Budget Office (CBO), breaks down the U.S. reaction to the downgrade while the debt issue continues to be unresolved. "This is a shoot-the-messenger operation, but the messenger is not the problem," Holtz-Eakin says, going on to say that lawmakers are "fighting about the least important things in the federal budget." Holtz-Eakin also comments on the political climate as Finch's downgrade comes ahead of an election year.

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