Lawmakers express outrage over surprise Fitch decision ...Middle East

The move by market agency Fitch Ratings to downgrade the United States's debt rating has startled lawmakers and policymakers alike, who said Wednesday that they were perplexed by the move amid strong recent economic indicators. In addition, news Wednesday that U.S. political instability reflected in the Jan. 6, 2021, insurrection at the Capitol was a factor in the downgrading has further confused the Beltway, which was already reeling from a third indictment of former President Trump. Fitch downgraded its issuer default rating for the U.S. on Tuesday evening, surprising investors, roiling equity markets and sending bond yields higher Wednesday morning. Treasury Secretary Janet Y

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Lawmakers express outrage over surprise Fitch decision ...Middle East

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