Tag: US debt rating

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White House, Yellen Slam Fitch’s US Rating Downgrade — Biden Officials Call It ‘Bizarre and Baseless’

August 3, 2023

Fitch Ratings has downgraded the United States’ debt rating. Biden officials call the downgrade decision “bizarre and baseless.” Both the White House and U.S. Treasury Secretary Janet Yellen strongly disagreed with the downgrade decision. Yellen claimed that the change by Fitch Ratings “is arbitrary and based on outdated data.” Fitch Downgrades US Rating Fitch Ratings,…
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Fitch Downgrades US Government’s Debt Rating – Does This Boost Crypto’s Use-case?

August 2, 2023

In a surprise move, global rating agency Fitch downgraded the US government’s credit rating from AAA to AA+ on Tuesday. In a report released on its website, the ratings agency cited expected fiscal deterioration over the coming three years, a high and growing government debt burden and “erosion of governance… that has manifested in repeated…
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