Fitch puts US credit rating under review for downgrade

[br] Global credit rating agency Fitch has put the United States’ ‘AAA’ credit rating on “rating watch negative” based on stalled debt ceiling negotiations.

"Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default," Fitch wrote. [/br]

rt.com...

so hulting the groth of debt downgrades our credit rating....ok

camaro68ss
so hulting the groth of debt downgrades our credit rating....ok

edit on 15-10-2013 by camaro68ss because: (no reason given)

Jeesus...ignorance is what is killing us.

Raising the debt ceiling is paying the bills that CONGRESS has ALREADY incurred. They spent the money already, that is why it is called DEFAULT.

If you want to halt the growth of debt...you don't stop paying your credit card bills...you stop spending...and the GOP Congress can do that through Budget Conference and Negotiations and legislation...

Families don't look around and think they need to spend less and decide the answer is to stop paying their bills.

AND YES...If you look like you might stop paying your bills at any moment....Your credit rating drops...and if you actually do stop paying your bills...your credit rating REALLY drops...

AND You pay MORE on ALL of your debt with new Sky-High interest rates...this BS is COSTING us money, not saving it.

The government takes in enough to pay bills.

Revenues are high enough without borrowing.

Only the criminal thieves are getting nervous.

The criminals are committing economic insurrection against the United States.

It's harder to steal the money when you actually have to account for it.

Why should Americans keep getting screwed by corruption and keep going broke while foreign interests keep getting richer.

Nancy Pelosi must be saying under her breath:

'you have to spent the money before you know how much it costs'


Daily Treasury Statements

Again? Wasn't it just LAST YEAR that the USA got its credit rating downgraded, for the first time in HISTORY? You said in the OP we might get downgraded from AAA, does that mean we were AAA+ or something?

supermarket2012
Again? Wasn't it just LAST YEAR that the USA got its credit rating downgraded, for the first time in HISTORY? You said in the OP we might get downgraded from AAA, does that mean we were AAA+ or something?

Short answer Yes. Prior to last debacle, we were at AAA+, the highest rating available.

Standard and Poors and others have discussed with this debacle a temporary downgrade to SD (Selective Default) and then a lessor long term rating assuming we start paying our bills again. No matter what happens the Gov.s interest rate has and will rise...as will homeowners and business loans. We are already screwed. What's left to decide is whether we go into a depression.

camaro68ss
so hulting the groth of debt downgrades our credit rating....ok

edit on 15-10-2013 by camaro68ss because: (no reason given)

One area they shouldn't stop spending is providing spelling lessons for all.