NEWSMAX: The United States faces a “material risk” of losing its AAA status if there is a repeat of the wrangling seen in 2011 over raising the country’s self-imposed debt ceiling, credit ratings firm Fitch said on Tuesday…
“If we have a repeat of the August 2011 debt ceiling crisis we will place the U.S. rating under review. There will be a material risk of the U.S. rating coming down,” Riley said at a conference hosted by the firm.
U.S. President Barack Obama dug in his heels on Monday, rejecting any negotiations with opposition Republican leaders over raising the U.S. borrowing limit, saying the United States needs to pay the bills it has incurred… (more)
