Know Fitch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> let me start with the first part of the question, what happens if they don't raise the debt ceiling and the u.s. in this case where you try to pick and choose which bills to pay. that would be terrible for the 401 k and stocks and there are dire predictions how big a sell off in stocks would be. what is fitch telling us today? fitch is telling us what we know. fitch is saying it's warning it could downgrade the u.s. credit rating because they didn't raise the debt ceiling in time and that there -- there -- frankly they are not doing their job. they are not running the books of the united st...

Yet. s&p did downgrade the u.s. last time. now fitch is warning that unless the congress and the president get their act together quickly, there could be a downgrading of the u.s. aaa rating which would have enormous financial ramifications for almost everyone watching this broadcast right now. >> exactly. one can only hope that this puts some pressure on people in congress to come up with some kind of a deal that they can all swallow, and they better do it pretty quickly. time is of the essence. house republicans are in a situation where they can't figure out whether they've got the votes. th...