WASHINGTON — A stark new warning from the Fitch credit rating agency about U.S. debt added fresh urgency Thursday to ongoing debt ceiling negotiations between the White House and congressional Republicans, with only seven days to go before the United States faces an imminent threat of debt default.
Fitch Ratings, one of the big three ratings agencies, announced late Wednesday that it had placed the United States’ triple-A status on “rating watch negative.”
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“The brinkmanship over the debt ceiling, failure of the U.S. authorities to meaningfully tackle medium-term fiscal challenges that will lead to rising budget deficits and a growing debt burden signal downside risks to U.S. creditworthiness,” Fitch said in a statement on the decision.
The agency also strongly…
