Fitch Downgrades US Credit Rating on Fiscal Deterioration, Government Debt Burden, and Debt Ceiling Standoffs

by Wolf Richter, Wolf Street: Second major US ratings agency to downgrade the US to ‘AA+’. The first rating agency got whacked by the US government. Following the shocker of an announcement by the Treasury Department yesterday that it would have to borrow $1 trillion in the quarter through September and another $852 billion in the quarter […]

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