Fitch puts U.S. on "rating watch negative" - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports

Fitch puts U.S. on "rating watch negative"

Posted: Updated:

As lawmakers continue their struggle to reach a deal on a debt limit increase before the deadline rating agency Fitch put the U.S. on notice Tuesday.

Fitch says the U.S. still has a triple-a rating the highest possible rating.

But the company says the country is now on "rating watch negative" because of the looming debt ceiling deadline on Thursday the 17th.

That means there's an increased possibility of a downgrade in the near future.

The agency says "although Fitch continues to believe the debt ceiling will be raised soon, the political brinksmanship and reduced financing flexibility could increase the risk of a U.S. default."

A Treasury Department spokesperson says the announcement shows just how urgent it is that congress reaches a deal.

The government has also been in a partial shutdown now for two weeks.

  • On Your SideMore>>

  • Only on 3: Sheriff talks about deputy arrest

    Only on 3: Sheriff talks about deputy arrest

    Thursday, July 31 2014 6:26 PM EDT2014-07-31 22:26:46 GMT
    A Muscogee County Sheriff deputy was arrested for bringing in contraband and some other things into the county jail.
    A Muscogee County Sheriff deputy was arrested for bringing in contraband and some other things into the county jail.
  • Health Watch: 3D Mammography available in Columbus

    Health Watch: 3D Mammography available in Columbus

    Wednesday, July 30 2014 11:38 PM EDT2014-07-31 03:38:15 GMT
    3D mammography is available in Columbus. The images offer radiologists a multi-faceted view of the breast, making for an earlier diagnosis of breast cancer at a more treatable stage.Health officials say the 3D mammography when combined with a conventional 2D mammography has a 40 percent higher invasive cancer detection rate than conventional 2D mammography alone.Dr. William Lewis is a radiologist at the Columbus Diagn...
    3D mammography is available in Columbus. The images offer radiologists a multi-faceted view of the breast, making for an earlier diagnosis of breast cancer at a more treatable stage.Health officials say the 3D mammography when combined with a conventional 2D mammography has a 40 percent higher invasive cancer detection rate than conventional 2D mammography alone.Dr. William Lewis is a radiologist at the Columbus Diagn...
  • POLICE: theft of $20,000 worth of NASCAR memorabilia

    POLICE: theft of $20,000 worth of NASCAR memorabilia

    Wednesday, July 30 2014 10:51 AM EDT2014-07-30 14:51:23 GMT
    Police are investigating a theft where more than $20,000 in NASCAR memorabilia was stolen.
    Police are investigating a theft where more than $20,000 in NASCAR memorabilia was stolen.
Powered by WorldNow

1336 Augusta West Parkway
Augusta, GA 30909

Telephone: 706.722.6664
Email: talkback6@wjbf.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.