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Fitch cuts the US’s credit grade due to rising debt
WASHINGTON: Fitch downgraded the United States' excellent credit rating by one point and attributed the action to the nation's mounting national debt and an "erosion of governance" resulting from the ongoing debt ceiling disputes.
The White House's press secretary, Karine Jean-Pierre, blasted the decision to downgrade the US from AAA to AA+, claiming it "defies reality."
In a separate statement, Treasury...