U.S. Government Credit Rating On “Negative Watch”

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

Fitch Ratings has announced a “rating watch negative” notice on the United States’ AAA credit rating because of the government shutdown.

“Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default,” the rating agency said in a statement.

U.S. stock index futures fell on the news but rallied later in the day.

Treasury Department personnel were quick to say the Fitch announcement showed the urgent need for Congress to pass legislation to raise the country’s debt ceiling. The country will hit the debt ceiling on Thursday.

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