Government shutdown: Fitch threatens US rating downgrade

(Business Insider) - Fitch one of the Big Three ratings agencies has warned that the government shutdown puts the US at risk of losing its AAA credit rating in the near future. Speaking in London on Wednesday James McCormack Fitchs global head of sovereign ratings said that if the government shutdown continued long enough to push the US into hitting its debt ceiling that could lead to a downgrade something that has happened only once before. Read More