Fitch’s US Downgrade Is Stoking the Very Fight It Warned Against
- GOP lawmakers cite ratings decision as they gird for shutdown
- Blow to White House’s summer campaign to promote ‘Bidenomics’
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Washington’s hostile political factions quickly took up Fitch Ratings’ downgrade of US government debt as a new weapon of political combat — highlighting in part why the firm stripped the US of its top-tier credit rating.
Democrats and Republicans on Wednesday traded blame for the downgrade, with a group of hard-right conservatives promising to dig in during a looming spending fight that could shut down the federal government as soon as Oct. 1.