Fitch downgrades US debt rating

A view of the United States Capitol in Washington, DC. Fitch Ratings on Tuesday downgraded the US credit rating from its top-ranked AAA to AA+.(Photo by Celal Gunes/Anadolu Agency via Getty Images) CNN —

Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+ , citing “a steady deterioration in standards of governance,” such as the country’s repeated impasses over the debt ceiling.

The downgrade comes after lawmakers negotiated up until the last minute on a debt ceiling deal earlier this year, risking the nation’s first default.The cut suggests the image of US debt as […]

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By Donato