Way to go Republicans. Fitch has downgraded the US sovereign rating to AA+ citing "a steady deterioration in standards of governance.”
The brinkmanship on the debt ceiling and the January 6th insurrection reportedly contributed to the downgrade.
It is only the second downgrade of the US by a Big 3 credit rating agency. The first was S&P in 2011 after a similar last minute debt ceiling fight. The 2011 downgrade increased government borrowing costs for years to come.
only republicans?
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