Fall of U.S. credit rating reflects "erosion of governance:" WSJ
NEW YORK, Aug. 2 (Xinhua) -- Fitch Ratings downgraded the U.S. government's credit rating weeks after President Joe Biden and congressional Republicans came to the brink of a historic default, warning about the growing debt burden and political dysfunction in Washington, reported The Wall Street Journal (WSJ) on Tuesday.
Fitch's rating on the U.S. now stands at "AA+", or one notch below the top "AAA" grade.
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