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The last time the US debt was downgraded by another major credit rating agency, S&P, came in 2011. In both cases, the limit was raised only after protracted negotiations.
The debt ceiling compromise bill sailed to passage in the House on Wednesday evening. The House voted 314-117 after just over an hour of debate on the legislation. The bill required a simple ...
Fitch downgraded its credit rating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved. “In Fitch’s view, there has been a steady deterioration in ...
Congress has suspended the debt ceiling until Jan. 1, 2025, even as worries over rising U.S. debt were fueled earlier this week when the Congressional Budget Office (CBO) forecast a jump in the ...
In 2011, the ratings agency Standard & Poor’s stripped the U.S. of its prize AAA rating after a prolonged fight over the government's borrowing limit. The Government Accountability Office, in a ...
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Both sides offered upbeat takes on where things stand even as issues remain unresolved.