US credit rating might be lowered again

Fitch Ratings warned that it would drop the top rating of the United States if the debt ceiling wasn’t raised in a deal between the White House and reluctant Republicans.

“Fitch’s warning comes as President Barack Obama and Republican leaders in Congress jostle over a vote to raise the country’s borrowing limit,” wrote the Wall Street Journal. “And just as the credit-rating firms are closely observing the action in Washington, lawmakers there — and investors around the world — are keeping an eye on the analysts who hold the fate of the U.S.’s credit rating in their hands. A lower rating could raise the country’s borrowing costs or at least signal to investors that its fiscal house isn’t in top shape.”

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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