Fitch puts US credit rating on downgrade watch
The US government faces a default on its $31 trillion in debt if lawmakers fail to raise the federal borrowing limit
The Fitch credit rating agency has warned that the US could soon lose its AAA score, saying Washington may be unable to pay its bills within a matter of days amid “debt ceiling brinkmanship” in Congress.
The firm said it placed the United States on “Rating Watch Negative” on Wednesday night, pointing to the fast-approaching debt ceiling, which the Treasury Department says could be reached as soon as June 1.
While Fitch noted that it expects lawmakers to…
