Fitch warns of possible U.S. credit rating downgrade

LONDON A leading credit ratings agency is warning that the United States could lose its top credit rating if there's a delay in raising the country's debt ceiling.

Congress has to increase the country's debt limit - effectively, how much debt the U.S. can have -- by March 1 or face a potential default.

David Riley, a managing director at Fitch Ratings, says Tuesday he is worried about a looming crisis and warned that a failure to raise it in time will prompt a formal review of the country's triple-A rating. Fitch already has a negative outlook on the U.S. and said it will make a decision this year.

• Fed chairman urges Congress to raise debt limit
• Geithner reinforces Obama's debt ceiling warning to Congress
• Watch: Obama: Not raising debt ceiling would be "absurd"

In August 2011, Standard & Poor's stripped the U.S. of its triple-A rating after a protracted battle to raise the ceiling.

[disinterested-3rd-party]

and we dont need a balanced budget amendment, huh?

[tsigili]

There is little doubt, that another downgrade is coming.

There is no other alternative, with a spendthrift in the WH.

[TheNextGeneration]

Fitch, and the rest of the rating agencies can't be trusted.

[Ewiak]

I'm not surprised. An ancient vision says: "And [the king of the north] will go back (to) his land with great wealth [1945]; and his heart (will be) against the holy covenant [state atheism]; and will act [it means activity in the international arena]; and turned back to his own land [1991-1993. The collapse of the Soviet Union and the Warsaw Pact. Russian troops returned to their country]. At the appointed time [he] will return back." (Daniel 11:28, 29a, literal translation) The return of Russia in this context means crisis, which will eclipse the Great Depression. Not only the eurozone will break up, but also the European Union and NATO. Then many countries of the former Eastern block will return to Russia's zone of influence. Russian troops will be stationed here again.

All the details of this vision are being fulfilled from the time of ancient Persia, in chronological order. It is true that this vision is variously interpreted. As one can see, it has a lot of details. Therefore the insightful person is able to detect any error or sophistry. (Daniel 12:10)

In 1882 British troops occupied Egypt. Great Britain then took the role of "the king of the south". Around the same time, Russia expanded its influence in the region, which previously belonged to Seleucus I Nicator, and took the role of "the king of the north". (Daniel 11:27)

[JayNogg]

DEBT?

CONGRESS & SENATE LEGISLATED deFUNDING GOV'T 4 SHARE HOLDER PROFIT via OFF SHORING usMfg Base 2 Dictatorships