Fitch downgrades US credit rating citing 'steady deterioration' of US governance amid frequent debt ceiling battles.
[b]BUSINESS INSIDER [/b]
The Real BIDENOMICS
Fitch downgraded the US's credit rating on Tuesday (8-1-2023), citing "steady deterioration in standards of governance."
The downgrade comes two months after the latest debt ceiling battle and brinkmanship
Even so, Republicans and Democrats reached a deal to suspend the debt limit until 2025.