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Fitch downgrades U.S. long-term rating to AA+ from AAA

Editor Note: What a scam that it is even AA+.

CNBC |Aug. 1, 2023

Fitch Ratings downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, pointing to “expected fiscal deterioration over the next three years,” an erosion of governance and a growing general debt burden.

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” said Fitch.

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