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US Treasury says the Fitch warning reinforces need for debt limit hike | Forexlive

From Fitch:

US Treasury statements:

  • Brinkmanship over the debt limit does serious harm to businesses and
    American families, raises short-term borrowing costs for taxpayers,
    and threatens the credit rating of the united states
  • Tonight’s warning
    underscores the need for swift bipartisan action by Congressto raise
    or suspend the debt limit and avoid a manufactured crisis for our
    economy

White House statement too:

  • says
    Fitch rating reinforces need for US congress to quickly pass
    bipartisan agreement to avoid debt default