US Credit Rating to be downgraded by Fitch Ratings?

When S&P downgraded the US Credit, everyone argued that it was just one misguided company. Now we learn that Fitch Ratings has given the US government until 2013 (aka after the US elections) to clean up its act and come to the market with a concrete plan to address their deficit problems. The agency said "The negative outlook reflects Fitch's declining confidence that timely fiscal measures necessary to place U.S. public finances on a sustainable path and secure the U.S. AAA sovereign rating will be forthcoming.

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