Fitch puts U.S. AAA rating on negative watch over debt ceiling
Written by Black Hot Fire Network on May 24, 2023
- Fitch put the United States' AAA long-term foreign-currency issuer default rating on negative watch, pointing to brinksmanship over the debt ceiling.
- Futures linked to the Dow Jones Industrial Average slipped after Fitch issued the warning.
- House Speaker Kevin McCarthy earlier offered hope that his negotiators and the White House's team would reach a deal before next week's expected deadline.
Visitors walk on the plaza at the U.S. Capitol in the midst of ongoing negotiations . . .