BREAKING: Fitch downgrades U.S. credit rating
Fitch downgraded its credit rating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved.
“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters,� the rating agency said Tuesday. Fitch said the U.S. appeared to suffer from an “erosion of governance,� pointing to the Washington brinkmanship over the debt ceiling as an example.
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