- Obama: Hole U.S. ‘digging out of’ requires billions more in unemployment benefits
- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
Latest Fitch Ratings Items
Time growing desperately short, House Republican efforts to pass legislation averting a Treasury default and ending a partial government shutdown collapsed Tuesday night, and one of the country's top ratings firms warned of a possible downgrade in the nation's creditworthiness.
Conservatives in the House sabotaged Speaker John A. Boehner's plan Tuesday to dent Obamacare while reopening the government and raising the debt ceiling, leaving senators scrambling to kick-start their own deal before Thursday's deadline for a potential default.
One of Wall Street's leading credit-rating firms Tuesday afternoon warned that it may downgrade the U.S. credit rating from AAA as a result of the congressional impasse that could force the Treasury Department to hit its borrowing limit on Thursday and could lead to a first-ever default on Treasury securities within days after that.
The Fitch credit rating agency has warned that it is reviewing the U.S. government's AAA credit rating for a possible downgrade, citing Thursday's looming deadline to increase the nation's borrowing limit.
Fitch Ratings on Tuesday afternoon warned that it may downgrade the U.S. credit rating from triple-A as a result of the congressional impasse that is forcing the Treasury to hit its borrowing limit on Thursday and could lead to a first-ever default on Treasury securities within days after that.
Despite expressing confidence that the U.S. will avoid a default, one top credit rating agency has issued a quiet warning that the nation's AA+ rating will plunge suddenly to a shockingly low D if a political resolution does not come in time to prevent the Treasury from missing a debt payment in the next month.
Fitch Ratings agency downgraded Britain's rating on Friday from triple-A to AA+, a recognition of the nation's weak economic future and growing debt.
While lawmakers in Washington braced for disaster, the nation's big three credit rating agencies yawned at the sequester cuts set to kick in Friday, saying the trims won't hurt the credit-worthiness of the federal government as long as Congress doesn't stop there.
Facebook unveiled a search feature that will put the world’s largest online social network more squarely in competition with Google and other rivals such as Yelp and LinkedIn.