The politics of Fitch’s credit downgrade threat

The politics of Fitch’s credit downgrade threat | NetRight Daily
"Except it has nothing to do with any sort of fiscal brinksmanship by congressional Republicans, but because the deficit is not being significantly reduced.
In its statement, Fitch wrote, “In the absence of an agreed and credible medium-term deficit reduction plan that would be consistent with sustaining the economic recovery and restoring confidence in the long-run sustainability of U.S. public finances, the current negative outlook on the ‘AAA’ rating is likely to be resolved with a downgrade later this year even if another debt ceiling crisis is averted.”"