United States of America Government shutdown leads some new problems, well known rating agency, Fitch warned on Wednesday of a possible cut to the U.S. triple-A sovereign credit rating later this year if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting, as reported from Reuters, this is bad situation,
US government policy framework should be done with win-win solutions, between Trump administration and Parliament, "If this shutdown continues to March 1 and the debt ceiling becomes a problem several months later, we may need to start thinking about the policy framework, the inability to pass a budget... and whether all of that is consistent with triple-A," Fitch's global head of sovereign ratings James McCormack said on Wednesday in London.
Debt ceilings is one of the most important issues at this point, "From a rating point of view it is the debt ceiling that is problematic," McCormack added.
US Government shutdown should be ended quickly, a shutdown of about a quarter of the U.S. government entered its 19th day on Wednesday, with lawmakers and the White House divided over Republican President Donald Trump's demand for money for a border wall. Fitch warning is a serious things
Source : reuters
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