ratings markets. this after ratings agency, fitch stripped america of it. and an erosion of governance that multiplied many times in debt limit stand offs. from new york, our correspondent reports. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report, and for the first time since 2011, that rating has been downgraded from aaa to aa plus. fitch said that the assault on the capitol on january 6 was a factor in the decision, contributing to what they perceive as a steady deterioration of standards of governance over the last 20 years. from wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasurer secretary janet yellen reacted with anger. i
after us stocks closed lower on wednesday, joining the rest of the global markets. this after ratings agency, fitch stripped america of its highest credit rating. the firm cited a growing debt burdon and an erosion of governance that has manifested multiplied many times in debt limit stand offs. michelle fleury reports. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report, and for the first time since 2011, that rating has been downgraded from aaa to aa+. fitch said that the assault on the capitol onjanuary 6 was a factor in the decision, contributing to what they perceive as a steady deterioration of standards of governance over the last 20 years. from wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasury secretary janet yellen reacted with anger.
markets. this after ratings agency, fitch stripped america of it. and an erosion of governance that multiplied many times in debt limit stand offs. from new york, our correspondent reports. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report, and for the first time since 2011, that rating has been downgraded from aaa to aa plus. fitch said that the assault on the capitol on january 6 was a factor in the decision, contributing to what they perceive as a steady deterioration of standards of governance over the last 20 years. from wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasurer secretary janet yellen reacted with anger. i
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