US debt squabbling must not hold the world to ransom
Fitch, the US credit rating agency, on Wednesday warned that it was close to considering a downgrade to America’s triple-A rating as the country’s looming fiscal crisis nears a cliff-edge. It blamed the “increased political partisanship that is hindering reaching a resolution” on raising the debt ceiling. Over the 20th century, the US debt ceiling was raised about 90 times