NEW YORK (Reuters) - Fitch Ratings said on Tuesday the agreement to raise the borrowing capacity of the United States means the risk of a sovereign default is "extremely low" and commensurate with a AAA rating.
RELATED ARTICLES
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The likely deadline for Congress to prevent the government's first default will be later than earlier thought, a Washington think tank has found. The Bipartisan Policy Center said Friday that the government probably won't reach the brink of default until early September or early October. More - House Republicans Prepare For Debt Ceiling Showdown
House Republicans are preparing for another showdown over the debt ceiling this summer. The House Ways and Means Committee passed a bill Wednesday to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of its borrowing authority. More - Fitch downgrades UK credit rating
Fitch credit ratings agency downgrades the UK to AA+ owing to a weakened economic outlook, but Chancellor George Osborne defends his austerity plan. More - House passes short-term debt limit extension
The U.S. House approved, 285-144, a bill to suspend the nation's $16.4 debt ceiling through May 18 to avert a U.S. default on its legal obligations and buy Washington more time to negotiate budget priorities. More - White House: Obama wouldn't block GOP debt bill
The White House says a House Republican bill to extend the government's borrowing authority for three months still faces concerns in Congress but press secretary Jay Carney says that if it reaches President Barack Obama's desk, "he would not stand in the way of the bill becoming law. More
BING NEWS:
- Orrstown Financial Services, Inc. Reports First Quarter 2024 Results
Net income of $8.5 million and diluted earnings per share of $0.81 for the three months ended March 31, 2024 compared to net income of $7.6 million and diluted earnings per share of $0.73 for the thre ...
04/24/2024 - 8:41 pm | View Link - International Monetary Fund warns of U.S. debt: 'Something will have to give'
The International Monetary Fund warned the United States that government spending and increasing national debt are not sustainable and could hurt the global economy.
04/18/2024 - 3:35 am | View Link - More
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