Fitch puts US AAA rating on rating watch negative

[OhioChick]

Source: CNBC

Published: Tuesday, 15 Oct 2013 | 4:46 PM ET

Fitch Ratings put the US government's AAA credit rating on 'rating watch negative' Tuesday, saying that the standstill on the US debt ceiling negotiations risks undermining the effectiveness of the country's government and political institutions.

This story is developing. Please check back for further updates.

Read more: http://www.cnbc.com/id/101093033

---

Fitch: U.S. AAA rating on watch over debt debate

Oct. 15, 2013, 4:59 p.m. EDT

NEW YORK (MarketWatch) -- Fitch Ratings put its AAA credit rating of the U.S. on negative watch Tuesday, citing the prolonged congressional negotiations over a hike to the borrowing limit. The U.S. is set to hit its debt ceiling on Thursday without a deal to increase its ability to borrow. "The prolonged negotiations over raising the debt ceiling (following the episode in August 2011) risks undermining confidence in the role of the U.S.dollar as the preeminent global reserve currency, by casting doubt over the full faith and credit of the U.S," the agency said in a statement. Senate Majority Leader Harry Reid had warned that a rating downgrade could come as soon as Tuesday.

http://www.marketwatch.com/story/fitch-us-aaa-rating-on-watch-over-debt-debate-2013-10-15?link=MW_latest_news

[Yo_Mama_Been_Loggin]

1. Yet many tea baggers feel a default is a good idea.

[pangaia]

2. All the haters will blame it on Obama.

[stillwaiting]

3. All Obama and the Democrats have to do is give the Tea Party what they want. Or else.

It's clearly Obama's fault.

Now, if that's not economic terrorism, I don't know what is.

[Hubert Flottz]

4. And this at a time when we have troops fighting for their lives in Afghanistan.

The troops look to home for stability and leadership. For support and to leaders who defend the Constitution and the well being of America. They see the Republicans undermining the country and everything it's always stood for. The tea party does not support the troops abroad, the veterans at home, or our country STILL at war. A war that ever republican in Washington wanted in 2001. Shame on these sorry un-American political conserva-terrorists, for giving Aid and comfort to the enemy in a time of war. History...if America has one, will not look kindly on this latest GOP attack on the USA.

[SammyWinstonJack]

5. They have access to fox and rush, mostly....Think they are really blaming the repugs?

[PatrynXX]

7. well more like The Blaze and thats about it

They consider Fox News to be a liberal channel. at least those connected to the tea party. was trying to joke with my right wing brother over dad saying Fox is liberal now that it's run by women. but brother is like well yes Fox News is a liberal channel duh. (good lord help us if Fox Nuts is considered liberal

[munster69]

6. House will send their dead ender bill to the Senate

Senate will send their version back to the house, boner will allow it to go to the floor for a vote, it will be approved, stocks will go up 400 points tomorrow, end of the crisis.

Wall street banksters WILL NOT allow their puppets to do anything else.

[Earth_First]

8. Very close to this assessment...

I agree.

[rdking647]

9. ted cruz himself could push us over the edge

if he decides to filibuster

and hes dumb enough to do it.

and if he does he should be arrested for sedition along with boner and cantor

[TexasTowelie]

10. Oddly enough,

this story wasn't posted to The Houston Chronicle until 4:20 p.m.

[DCBob]

11. I hope people realize now this is the risk when you play chicken with psychos.

President Obama has been careful to avoid this situation in the past by working out last minute deals with these lunatics. This time though he and the Dems have said enough is enough. But clearly this is risky business.

[Hubert Flottz]

12. Anything worth doing, is worth doing right.

I think the president has learned how to do it right this time.

[DCBob]

13. I think he did it mostly right last time and he is doing it mostly right this time.

Previously the economy was more fragile and the issues were not as cut and dry and there was more room for compromise... imo.