published Monday, July 25th, 2011

Gov. Haslam says Washington playing 'serious game of chicken' on debt ceiling

NASHVILLE — Tennessee Republican Gov. Bill Haslam today accused Washington politicians of playing an “incredibly serious game of chicken” when it comes to extending the nation’s debt ceiling.

“I think if you talk to any governor, they would say we really need to solve this for the economic health of the country, No. 1,” Haslam told reporters. “No. 2, [solve this] for us as states. You’ve seen where some of the credit rating agencies have said, ‘Hey, the fact they don’t have a deal puts Tennessee’s credit rating in peril’ — which, I mean, that speaks volumes.”

Moody’s Investors Service has put Tennessee and four other states on a credit watch, saying if the federal government doesn’t reach agreement on the debt limit and defaults on Aug. 2, the ratings group will consider downgrading the states’ triple-A ratings, the highest for states. That would lead to higher borrowing costs for the state when it issues bonds.

Moody’s officials say that among Tennessee’s other problems, it is highly dependent on federal spending.

Haslam said the state has low levels of debt.

For complete details, see tomorrow’s Times Free Press.

about Andy Sher...

Andy Sher is a Nashville-based staff writer covering Tennessee state government and politics for the Times Free Press. A Washington correspondent from 1999-2005 for the Times Free Press, Andy previously headed up state Capitol coverage for The Chattanooga Times, worked as a state Capitol reporter for The Nashville Banner and was a contributor to The Tennessee Journal, among other publications. Andy worked for 17 years at The Chattanooga Times covering police, health care, county government, ...

5
Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
Facts said...

So awesome! A moderate Republican complaining that other moderate Republicans & Democrats have spent too much money. I can't wait for Zach Wamp who never saw a federal dollar he didn't want spent make the next call for fiscal responsibility!

July 25, 2011 at 5:01 p.m.
librul said...

Make a call, Gov. Bill - if you can't get anyone to pick up in Washington, it'll be because they are all fleeing to the Virginia hills or jumping into the Potomac. Word is, the websites for many members are crashing now. You "moderate" Republicans have the same "R$" behind your name as the Tea Party fascists do and don't forget it.

July 25, 2011 at 9:51 p.m.
Selah said...

GO AWAY REPUBLICANS

July 26, 2011 at 12:37 a.m.
Selah said...

Go away Republicans. You will pay beginning in 2012.
Watch and See

July 26, 2011 at 11:02 a.m.
please login to post a comment

Other National Articles

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.