You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Fitch warns of US downgrade over deficit [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 07:06 PM
Original message
Fitch warns of US downgrade over deficit
Advertisements [?]
Source: Financial Times

Fitch warned it could downgrade the US credit score if no credible agreement was reached over the next two years to curb the countrys mounting debt, as it placed a negative outlook on Americas triple-A rating.

The move aligns Fitch with other rating agencies that have already punished the US for the political gridlock that has prevented any long-term fiscal deal from emerging following months of negotiations in Washington.

Standard & Poors downgraded the US in August to a double A plus rating with a negative outlook, while Moodys Investors Service has preserved Americas triple A score but also imposed on it a negative outlook.

The latest blow to hopes of a long-term deficit reduction agreement in the US came last week when a special bipartisan panel of lawmakers known as the supercommittee failed to reach a deal to save at least $1,200bn from US deficits over the next 10 years.

Read more:

Google the title and click within results for full article.
Refresh | +6 Recommendations Printer Friendly | Permalink | Reply | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC