The ratings agency Fitch placed U.S. credit on a negative watch on Wednesday, as lawmakers struggle to reach a deal on the debt ceiling before the country goes into default. America’s AAA rating, the highest possible rating, was put on notice for a potential downgrade if the White House and Republicans fail to raise the debt limit. The negative ratings watch comes just over a week before June 1, the earliest possible date at which Treasury Secretary Janet Yellen has said the U.S. may no longer be able to meet all of its outstanding payment obligations. “As Secretary Yellen has warned for months, brinkmanship over the debt limit does serious harm to businesses and American familie
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