Fitch Warns Continued Partisanship on Debt Ceiling Will Hurt AAA Credit Rating

Fitch Warns Continued Partisanship on Debt Ceiling Will Hurt AAA Credit Rating
The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain, on March 3, 2016. Reinhard Krause/Reuters
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Fitch Ratings placed the United States’ AAA credit rating on “rating watch negative” on May 25, citing concerns about a possible downgrade due to the ongoing political deadlock over the debt ceiling.

As negotiations between House Republicans and The White House stretch into a third week, Fitch expressed concern about brinkmanship in the debt ceiling talks caused by increasingly entrenched partisanship in policymaking.

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