Stay updated with breaking news from Mickey Levy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
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
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...
One issue that has received little attention is why U.S. corporate profit margins have stayed high even as interest rates and wage increases accelerated in 2022.