The United States could lose its top credit rating for the second
time from a leading agency if there's a delay in raising the country's
debt ceiling, Fitch Ratings warned Tuesday.
Congress has to increase the country's debt limit, which effectively rules how much debt the U.S. can have, by the end of February or face a potential default, Fitch says.
There are fears that the debate will descend into the sort of squabbling and political brinkmanship that marked the last effort to raise the ceiling in the summer of 2011. Outgoing U.S. Treasury Secretary Timothy Geithner warned then that it had nearly reached a point where government would be unable "to meet our commitments securely."
Read more: http://money.msn.com/business-news/article.aspx?feed=AP&date=20130115&id=15994104
Congress has to increase the country's debt limit, which effectively rules how much debt the U.S. can have, by the end of February or face a potential default, Fitch says.
There are fears that the debate will descend into the sort of squabbling and political brinkmanship that marked the last effort to raise the ceiling in the summer of 2011. Outgoing U.S. Treasury Secretary Timothy Geithner warned then that it had nearly reached a point where government would be unable "to meet our commitments securely."
Read more: http://money.msn.com/business-news/article.aspx?feed=AP&date=20130115&id=15994104
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