Fitch Threatens to Cut US Rating as Debt Limit Talks Stalled

Talks over raising the US debt ceiling stalled as the House Republicans’ proposal still include a provision to prevent funding of the health insurance. Regarding the deadlock, Fitch’s put the AAA rating of US sovereign debts on negative watch. On the dataflow, the Empire State index and the ICSC chain store sales were disappointing. More Fed officials spoke about QE tapering. The hawkish Dallas Fed President, Fisher, stated that it is now “too tender a moment” to think of reducing QE.

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Fitch Threatens to Cut US Rating as Debt Limit Talks Stalled