What a U.S. credit downgrade means for taxpayers and consumers
The U.S. had its credit rating downgraded by ratings agency Fitch on Tuesday. What does that mean for the average taxpayer and consumer? In the immediate term, not much will change for them, economists say. “For most consumers, it’s a nonevent,” said Gus Faucher, senior vice president and chief economist المزيد
White House blames GOP after Fitch downgrades U.S. credit rating
WASHINGTON — The White House and Biden campaign are pointing fingers at the GOP over Tuesday’s Fitch credit downgrade, the first time in over a decade that the U.S. has faced a downgrade. Fitch Ratings Agency downgraded the U.S. debt rating from AAA to AA+ after a congressional standoff earlier this المزيد
Fitch downgrades U.S. credit rating
Fitch downgraded its credit rating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters,” the rating agency said Tuesday. المزيد