Fitch Ratings has downgraded the U.S. government’s credit rating from the top mark of AAA to AA+, marking just the second time the nation has been stripped of its AAA rating by a major agency. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News to discuss why this happened and what the impact could be.
Source: CBS Minnesota
Fitch Ratings downgrades U.S. credit from AAA to AA+
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