The White House and the Treasury have strongly disagreed with Fitch Ratings' decision to downgrade the U.S. credit rating.
Fitch Ratings downgraded the U.S. credit rating by one notch to AA+, citing high debt burden at the federal, state, and local levels and a concerning decline in governance standards over the last two decades in the United States.
The rating agency said that during the last 20 years, there has been a decline in the standard of governance in the country, the effect of which is visible in fiscal and debt decisions.
For comments and feedback contact: editorial@rttnews.com
Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.