U.S. credit downgrade 'may very well be warranted': Fmr. State Department deputy chief economist

Well, the recent rate rally had us wondering if maybe the US could be at risk for a credit downgrade. For more, let's bring in Phil Luck, director of the economics program at the Center for Strategic and International Studies. He was also deputy economist, deputy chief economist.I almost gave you a demotion uh for the US Department of State under President Biden. Philip, great to have you with us. Before we get into the credit downgrade, I mean I I'm wondering how you think this action um you know makes mar ...