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.”

Reason

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