Concerned by the recent rhetoric surrounding the debt limit debate, Fitch recently put out a memo threatening to downgrade the US government’s credit rating if Congress failed to reach a deal by August. Other ratings agencies have issued similarly dire warnings, including Moody’s, who said they may strip the US of its prized AAA bond rating by mid-July if the standoff hasn’t been resolved.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=110805