Fitch Ratings has put the U.S. credit rating at risk of downgrade because of the potential that the U.S. government will not be able to come to an agreement to raise its debt limit and be able to pay its bills.
Fitch said Wednesday it “still expects a resolution” but that there is an increased risk the debt limit will not be raised in time.
U.S. Treasury Secretary Janet Yellen has said the government could run out of money to meet its obligations, such as interest on government bonds, salaries for federal workers and government contractors and stipends to pensioners, as early as June 1.
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Edited by Jesus Chan
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