Political Quotes

Victor Fazio: “Let me ask my colleague, who understands the financial markets as well as any of the Members on our side of the aisle…”

On the recordJanuary 25, 1996
Let me ask my colleague, who understands the financial markets as well as any of the Members on our side of the aisle, if it is true, as I understand it is, that today the difference between our triple A bonds, which are the most secure bonds, the U.S. debt, and those that are graded at what Moody's says they may have to be graded at, triple B, I guess, that is about a 3.5-percent difference, is it not, in terms of additional burden that anybody borrowing with the full faith and credit of our Government would have to incur; is that about right?
Said by
Victor Fazio
Democratic · California
Source
govinfo.gov

Editor's note · Context

Discussing the differences in bond ratings and their impact on borrowing costs.

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