Fitch warns about possible downgrade of U.S.'s AAA rating

12/22/2011 | Bloomberg

Fitch Ratings said its rating of U.S. credit is likely to be lowered unless Congress agrees on a plan to reduce the budget deficit after the 2012 elections. "Agreement will also have to be reached on raising the federal debt ceiling, which is expected to become binding in the first half of 2013," Fitch said.

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