A major credit agency downgraded its rating of U.S.-issued debt from AAA to AA+, citing an “erosion of governance” over the last 20 years. See potential bias and similarities in coverage from CNNBusiness, BBCNews and FoxBusiness:
Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.”
The downgrade comes after lawmakers negotiated up until the last minute on a debt ceiling deal earlier this year, risking the nation’s first default. But the January 6 insurrection was also a major contributing factor. In a meeting with Biden administration officials, representatives from Fitch Ratings repeatedly highlighted the January 6th insurrection as a significant concern as it relates to US governance, a person familiar with the matter told...
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