The National Jewish Democratic Council issued a release titled "GOP Threatening both U.S., Israeli Economies By Blocking Debt Ceiling Agreement."
I’m not smart enough to know which side is actually responsible for the continuing lack of a deal.
But the NJDC isn’t making up the idea that a U.S. default would have negative implications for Israel.
As NJDC pointed out, here’s what Moody’s had to say:
In addition to the financial institutions directly linked to the US government, Moody’s has also placed on review for possible downgrade pre-refunded municipal bonds (which are invested in government or related securities), certain housing bonds that are supported or guaranteed by the US government, and other municipal ratings that are directly linked to the rating of the US government. Bonds issued by the governments of Israel and Egypt that are guaranteed by the US government were also placed on review for possible downgrade.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
