• US risks losing triple-A sovereign credit rating over shutdown, Fitch warns

    8 days ago - By RT

    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.
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  • Fitch warns an extended shutdown could hurt the U.S. credit rating

    8 days ago - By Washington Post

    The nation's mounting debt is weighing on the United States and that the government can't grapple with the rising debt level during a shutdown, Fitch executive James McCormack said.
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  • Plunge in rates sparks 23.5% spike in mortgage applications after unusually weak holidays

    8 days ago - By CNBC

    Homebuyers returning to the market after the holidays may have been inspired by the drop in rates, but stock market volatility and the government shutdown could keep some of those mortgage applications from closing.
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  • Fitch Warns of U.S. Credit Rating Downgrade as Shutdown Continues

    8 days ago - By Fortune

    Fitch is eyeing the U.S. and its credit rating as the government shutdown closes in on its third week.
    Speaking in London on Wednesday, Fitch global head of sovereign ratings James McCormack said that the agency could cut the U.S. triple-A sovereign credit rating later this year if the shutdown causes the government to hit its debt ceiling.
    The U.S. is slated to hit its debt ceiling on March 1 if the government doesn't take action. In the event the debt ceiling is not raised, the U.S. government would be legally banned from borrowing money to pay financial obligations. The only way to pay...
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  • US government shutdown freezes IPO market

    8 days ago - By eFinancial News

    Biotech firms could be put in the most perilous position by the closure of the SEC
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  • The Government Shutdown Won't Threaten February Food Stamps After All

    8 days ago - By Fortune

    Amid the ongoing government shutdown , the Trump administration assuaged fears around funding for food stamps on Tuesday, promising that the Agriculture Department would be able to continue to provide the service to low-income Americans for the month of February.
    Officials had earlier warned that funding for the program would run out in January, which could have negatively impacted the 38 million Americans who rely on food stamps. But on Tuesday, Agriculture Secretary Sonny Perdue announced that states will be given the money for February's food stamps by Jan. 20.
    The department will make...
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  • The government shutdown threatens the US with a credit-rating cut for only the 2nd time in history

    The government shutdown threatens the US with a credit-rating cut for only the 2nd time in history

    8 days ago - By Business Insider

    Big Three ratings agency Fitch warned that the continuing government shutdown puts the US at risk of losing its "AAA" credit rating in the near future.
    James McCormack, Fitch's global head of sovereign ratings, made the warning at an event in London Wednesday.
    The US has only been downgraded by a major ratings agency once before, during the 2011 debt-ceiling crisis.
    Fitch, one of the "Big Three" ratings agencies, has warned that the continued government shutdown puts the US at risk of losing its "AAA" credit rating in the near future.
    Speaking in London Wednesday, James McCormack, Fitch's...
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