News Formal

Fitch US debt downgrade greeted with Washington outrage and market calm

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 77%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Fitch’s US debt downgrade greeted with Washington outrage and market calm

The White House appeared to fear that the downgrade gave Republicans a new opening to accuse Biden officials of mishandling America’s public finances. Democrats had hoped that the budget deal struck with Republican speaker Kevin McCarthy to avoid a debt default in June had put those criticisms to rest.

Fitch raised a red flag over “a steady deterioration in standards of governance over the last 20 years” even with the latest deal to suspend the debt limit until January 2025.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany’s boiler ban will have ‘unintended consequences’, warns industryUS and European companies say clause to end use of refrigerant gas violates EU single market
Source: IrishTimes - 🏆 3. / 98 Read more »