• Fitch puts U.S. triple-A rating on negative watch
    News,  Wealth

    How the US Debt Ceiling Crisis Threatens the Global Economy and What to Expect Next

    The international rating agency Fitch announced on the evening of the 24th that it has put the long-term foreign currency issuer default rating of the United States on the negative watch list because partisanship in the United States has prevented the two parties in Congress from reaching an agreement on solving the debt ceiling issue. Fitch said in a statement that the bipartisan brinkmanship in the U.S. Congress over the debt ceiling and the U.S. government’s failure to effectively address medium-term fiscal challenges, resulting in rising budget deficits and mounting debt burdens, bode well for U.S. credibility. Downside risk. Fitch said that the agency still believes that the two parties…

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