One of the ratings agencies finally woke up.
Fitch gives long term U.S. debt a well deserved (and overdue) downgrade. Moody's and Standard and Poors might grow a pair and follow Fitch's lead. The last time a ratings agency (S&P in 2011) dinged the US credit rating, the Magical African Obama threw a temper tantrum and they quickly restored the AAA rating.
Just a tiny little trim off of Uncle Sam's credit score. Who would have thought that taking on trillions more in debt would have some consequences?
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