mo4ch:>US at risk of losing its triple-A sovereign credit rating, Fitch warns | Mo4ch News
The ongoing government shutdown in the United States could soon start to negatively impact the country’s debt ceiling, ratings agency Fitch said. The US runs a record deficit and pushes overall borrowing past $22 trillion.A shutdown of about a quarter of the US government entered its 19th day on Wednesday, with lawmakers and the White House divided over President Donald Trump’s demand for $5.7 billion in funds to build a wall along the US border with Mexico.Also on rt.comAs US debt spirals to $22 trillion, former Fed chair Janet Yellen is suddenly concerned“If this shutdown continues to March 1 and the debt ceiling becomes a problem several months later, we may need to start thinking about the policy framework, the inability to pass a budget... and whether all of that is consistent with triple-A,” Fitch’s global head of sovereign ratings, James McCormack, told Reuters.He added that “From a rating point of view it is the debt ceiling that is problematic.”READ MORE: US kleptocrats &…