Fitch Ratings, one of the three major credit rating agencies, downgraded the U.S. debt from a AAA rating to an AA+ rating.
The National DeskFILE - Arkansas finance officials on Wednesday, Aug. 2 said the state’s revenue has come in nearly $16 million above forecast at the start of the fiscal year.
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Do Aging Politicians Help Explain the US Credit Rating Downgrade?Fitch Ratings downgraded the US government debt rating from AAA to AA+, raising concerns about the impact of aging politicians on the country's creditworthiness. While other rating firms made no change, Fitch placed the US below several other countries. Critics argue that the downgrade overlooks President Biden's strong economic recovery, but Fitch's decision was not solely based on this year's GDP growth or pandemic recovery.
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Do Aging Politicians Help Explain the US Credit Rating Downgrade?Fitch Ratings downgraded the US government debt rating from AAA to AA+, raising questions about the role of aging politicians in the decision. While other rating firms made no change, Fitch placed the US below several other countries. Critics argue that the downgrade does not reflect President Biden's strong recovery efforts, but Fitch's decision was not based on this year's GDP growth or pandemic recovery.
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Fitch Ratings Downgrades U.S. Government Debt RatingFitch Ratings has downgraded the U.S. government debt rating from AAA to AA+, causing concern in the White House and other places. The downgrade places the United States below several other countries, including Australia, Denmark, the Netherlands, and Germany.
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US should follow Alexander Hamilton’s playbook for tackling the national debtFitch Ratings' recent downgrade of United States debt one notch from AAA to AA+ is still much too sanguine. America’s debt today should be rated closer to junk than to top-notch. The situation is not as dire as when Alexander Hamilton became the nation’s first Treasury secretary, but reforms akin to those that he implemented in the early 1790s must be made lest the nation’s public credit be impaired further.
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Gas prices in Philadelphia region expected to remain stable, AAA saysAAA travel experts believe gas prices in the Philadelphia region will remain stable for now unless the prices of crude oil are unexpectedly impacted.
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Why Fitch’s Downgrade MattersFitch Ratings’ decision to strip the U.S. of its triple-A credit rating last week joins the stack of evidence of how profoundly different, and risky, the nation’s fiscal situation is now, writes greg_ip
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