Fitch Puts US Credit Rating on 'Negative' Watch
Keeps it at AAA, but warns things might change because of debt ceiling
By John Johnson, Newser Staff
Posted Oct 15, 2013 4:27 PM CDT
The sun peeks from behind the Capitol dome in this file photo.   (AP Photo/Susan Walsh)

(Newser) – As lawmakers scramble to strike a last-minute deal that would allow the government to keep borrowing money, Fitch Ratings issued a shot across the bow this afternoon: It put the nation's AAA on a "negative" watch, reports MarketWatch, meaning a downgrade is possible unless things get resolved soon. "The prolonged negotiations over raising the debt ceiling (following the episode in August 2011) risks undermining confidence in the role of the US dollar as the preeminent global reserve currency, by casting doubt over the full faith and credit of the US." (Full text here.) The nation hits its debt-ceiling limit on Thursday. For the record, Fitch and Moody's still have the US at the highest AAA rating, though Standard & Poor's downgraded its rating during the 2011 crisis, notes Business Insider.

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Showing 3 of 63 comments
3212A
Oct 16, 2013 12:16 PM CDT
Don't let the lemmings(Ted Cruz's gang) take us over the cliff.I will remember this when I vote.
Econ_101
Oct 16, 2013 10:11 AM CDT
How to spend ourselves into prosperity. 1. Come to the USA. 2. Find a job. 3. Work you tail off. 4. Save and invest 10% of your wages. 5. Pay taxes to balance the National budget. 6. The Congress spends more than budgeted. 7. The Nation goes broke. 8. The lenders sue for payment. 9. The Nation is broke. You are broke. 10.Martial law is imposed. We use toilet paper as money Brother can you spare a roll ??
????
Oct 15, 2013 8:14 PM CDT
Wasn't US credit already downgraded? I guess we got it back up. This is silly. It's like slapping your own hands and saying 'bad spender!'