Dumb Trump supporters raise mortgage rates, reduce money for Social Security and Medicare, and Make America A Laughing Stock.

  • habitualTartare@lemmy.world
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    1 year ago

    Original source

    Fitch downgraded the U.S. credit rating due to fiscal concerns, a deterioration in U.S governance, as well as political polarization reflected partly by the Jan. 6 insurrection, Richard Francis, a senior director at Fitch Ratings, told Reuters on Wednesday.

    For the United States to have its rating upgraded there would need to be a combination of factors, such as a stabilization of debt to GDP, and possibly a permanent suspension of the debt ceiling, said Francis.