The US's credit rating has been downgraded after the months long debate over raising the debt limit that brought the country to the brink of default
The US's credit rating has been downgraded after the months long debate over raising the debt limit that brought the country to the brink of default.
Fitch has brought down the rating from AAA - the highest possible - to AA+ over debt and governance concerns.US officials have criticised the move, with Treasury Secretary Janet Yellen calling it"arbitrary" and"based on outdated data". Similarly White House press secretary Karine Jean-Pierre said,"It defies reality to downgrade the United States at a moment when President Biden has delivered the strongest recovery of any major economy in the world."
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