Fitch Ratings has kept the world's largest economy under negative scrutiny, despite the United States overcoming the debt-ceiling crisis. Warning of downgrading U.S. debt on the back of worsening polarization and repeated identity brinkmanship by decision-makers in Washington.
The U.S. Congress this week passed the Fiscal Liability Act, which suspends the debt ceiling until 2025 and cuts government spending, among other provisions included in the deal. Frequent political confrontations over the debt ceiling, and last-minute suspensions ahead of schedule, reduce confidence on financial and debt issues.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
