U.S. Government Debt Was Downgraded. Will it Matter?
One of the three main rating agencies (Fitch) has downgraded U.S. government debt to its second highest rating, AA+.
One of the three main rating agencies (Fitch) has downgraded U.S. government debt to its second highest rating, AA+.
Soft landing or no soft landing, that is the question. But while this may be the most commonly asked question these days, it may not be the most important or the toughest.
Last week, Congress was able to push back a fast-approaching deadline for raising the debt ceiling to December. This week, we answer common questions about this statutory, congressional limit.
US debt levels have soared during the pandemic, but the market is taking it in stride, staying focused on reopening the economy.