Monday , September 25 2023

Everything You Need to Know About Fitch’s US Debt-Rating Downgrade

Fitch slashed the US government’s debt-repayment rating Tuesday.
Kevin Dietsch/Getty Images

  • Fitch cut the US’s credit rating Tuesday, citing rising debts and an “erosion of governance”.
  • The downgrade comes two months after Joe Biden and House Republicans reached an 11th-hour deal to stop a catastrophic default.
  • Stocks declined after the agency’s shock announcement.

August is usually the quietest month of the year for the stock market.

But Fitch shattered any sense of summer calm last night when it slashed the US government’s credit score in what could end up being a massive…

Read more on google news

About bourbiza mohamed

Check Also

107305562 16954754702023 09 23t014106z 1350358676 rc2kc3aspae0 rtrmadp 0 usa politics menendez

New Jersey Sen. Bob Menendez hires Hunter Biden lawyer for bribery case

New Jersey Sen. Bob Menendez has hired attorney Abbe Lowell to defend him against a …

Leave a Reply

Your email address will not be published. Required fields are marked *