Stay updated with breaking news from David Gregoiro. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the...
(Reuters) -Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of the debt ceiling crisis. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.
Aug 1 - Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating to AA+ from AAA, citing an expected fiscal deterioration over...
Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Traders' immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar. Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.