Senior Biden admin official says Fitch downgrade of the USA is baseless and bizarre | Forexlive

A senior Biden administration official statement:

• Fitch decision to downgrade the US ignores resilience and underlying
  strength of the US economy
• We think this is a
  ‘bizarre and baseless’ decision for Fitch to make
• Would be quite
  surprised to see a major increase in borrowing costs from Fitch
  downgrade announcement

Its no surprise that the US admin is disparaging the announcement from Fitch. Fitch makes good points in their downgrades, and its not as if this has come out of thin air, they issued a warning back in May:

Still, political operators will always do politics so nothing surprising here.