Page 3 - John Canavan News Today

Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs

Months after the political tussle between US President Joe Biden and Republicans over raising the debt ceiling, Fitch downgraded the US credit rating from AAA to AA+. The White House strongly disagreed with the move.

Months after the political tussle between US President Joe Biden and Republicans over raising the debt ceiling, Fitch downgraded the US credit rating from AAA to AA+. The White House strongly disagreed with the move

WASHINGTON: Fitch stripped the United States of its stellar credit rating, downgrading by one point and blaming the rising federal debt load and an erosion of governance behind the debt limit...

White House 'strongly disagrees' with the move

Amy Smith's Connemara Laburnum Richard, 16, won the RIHS M&M working hunter supreme title for the second time in his career

The shock June CPI report has led traders to bet that the peak in US interest rates this cycle will be reached this month.

Don't get too giddy if the stock market eclipses the 4,500 mark, because a recession still looks likely, says John Canavan at Oxford Economics.

Shares jump, banks, retailers advance. Nasdaq, S&P500 hit 2023 high. Bond yields fall. Oil tops $US80/barrel. Citi upgrades Transurban to buy. Follow updates here.

As the White House and Congress near a deal to raise the nations debt ceiling, what a deal – or what no deal – would mean for you and the economy.