Fitch downgrades U.S. long-term rating to AA+ from AAA

cnbc ^ | 08/01/2023 | Darla Mercado

[BenLurkin]

Fitch Ratings downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, pointing to “expected fiscal deterioration over the next three years,” as well as a growing general debt burden.

[Republican Wildcat]

Downgraded again for the first time since...Obama/Biden.

[Oldeconomybuyer]

Bidenomics.

[fluorescence]

Coming up: Fitch indicted for attempting to overturn democracy by conspiring to reduce the amount of cheap credit available to fund big-government policies that the people love.

[JZelle]

Next thing you know we’ll be printing those Zimbabwe bills.

[EvilCapitalist]

The Swamp doesn’t care. They just borrow more money from The Fed, and We The People get stuck with paying a higher interest rate.

[11th_VA]

The only upside is higher rates for CDs;

[Carriage Hill]

Like these?

[rottndog]

50%+1 of voters have figured out that they can vote themselves money from the treasury. Add that to the fact that SCOTUS has repealed Article one section 8, meaning there is no limits on what Congress can legislate.

I’m normally optimistic...but it’s getting very difficult to be so anymore.

[COBOL2Java]

Next thing you know we’ll be printing those Zimbabwe bills.

[blueunicorn6]

Let’s go Brandon!

[JZelle]

There you go, medals all the way down to the ankle.

[EBH]

It won’t be bills at all...CBDC

[Gay State Conservative]

Soon the Rats will have our rating equal to the Congo’s rating.

[Nextrush]

Lets talk about Trump instead interesting timing the Trump stuff distracting from this major story.

[Jonty30]

Interest rates going up.

[joma89]

The slow destruction of the US by the uniparty continues unabated.

[SecondAmendment]

> Downgraded again for the first time since...Obama/Biden.

The last President who was able to prevent the National debt from surpassing our GDP was .... Donald J. Trump in 2019.

Mitch "The Turtle" played 50 -D chess and bamboozled him into to going along with raising the debt limit when he should have known better.

Sorry folks, but these are the facts.

[fhayek]

My fear is that we will learn that he is a fan of Barbie.

Klaus Barbie....

[Vermont Lt]

This isn’t good. And it’s as important as “other” news today.