🧵 1. Fitch downgrades US credit rating to AA+, citing finances and debt ceiling negotiations. White House "strongly disagrees." #finance
🧵 1. Fitch downgrades US credit rating to AA+, citing finances and debt ceiling negotiations. White House "strongly disagrees." #finance
🧵 2. Surprise move by Fitch angers White House as US loses its triple-A rating. Borrowing costs may rise, impacting taxpayers.
🧵 3. Fitch follows Standard & Poor's, strips US of triple-A rating. White House calls it "arbitrary and based on outdated data."
🧵 4. Fitch's downgrade of US credit rating sparks concerns for government's ability to pay bills. Investors caught off guard.
🧵 5. US credit rating downgrade by Fitch may lead to unfavorable lending terms for federal government. Janet Yellen calls it "arbitrary."
🧵 Read more at: https://www.euronews.com/2023/08/02/fitchs-move-to-downgrade-us-credit-rating-angers-white-house