Modbert
Daydream Believer
- Sep 2, 2008
- 33,178
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Fitch: 'AAA' rating in jeopardy - Jennifer Epstein - POLITICO.com
[ame=http://www.youtube.com/watch?v=MYiahoYfPGk]‪Time - Pink Floyd + Lyrics‬‏ - YouTube[/ame]
Another major bond rating firm on Monday reiterated its threat to downgrade the U.S. government to a B-plus rating if the debt ceiling isnt raised by August 2 and the government defaults on its debts.
The warning from Fitch Ratings comes after Moodys and S&P warned last week that they would lower the U.S. rating from the top mark of AAA if the country is unable to repay its debts next month.
The ratings agency said it still expects congressional Republicans and President Barack Obama to reach a deal in the next few weeks, but would downgrade the rating if the Treasury Department is unable to pay the $90 billion in Treasury bills that mature on August 4.
[ame=http://www.youtube.com/watch?v=MYiahoYfPGk]‪Time - Pink Floyd + Lyrics‬‏ - YouTube[/ame]