Fitch threatens to downgrade US’s ‘AAA’ credit rating over debt ceiling standoff

By David Sivak

Published May 25, 2023 2:15am ET

Fitch threatens to downgrade US’s ‘AAA’ credit rating over debt ceiling standoff — The U.S. Capitol is seen in Washington, Monday evening, May 22, 2023, as negotiators for President Joe Biden and House Speaker Kevin McCarthy, R-Calif., continue meeting on the impasse over the government's debt ceiling. | (AP Photo/J. Scott Applewhite)

One of the leading credit rating agencies is warning the United States could lose its “AAA” standing if Washington does not avert a default crisis before the June 1 “X-date.”

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Fitch threatens to downgrade US’s ‘AAA’ credit rating over debt ceiling standoff

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