Fitch downgraded the US government's top credit rating Tuesday from AAA to AA+ in a move that provoked widespread response in Washington and across the investing community.
Global stock markets fell Wednesday after ratings agency Fitch downgraded its US credit rating, citing “a steady deterioration in standards of governance” and the American government’s growing debt burden.
Understand the different types of U.S. treasuries and how they work. United States Treasury securities, often called treasuries, are debt obligations issued by the U.S. government and secured by the full faith and credit and power to tax and borrow of the United States. The income from Treasury securities may be exempt from state and local taxes, but not from federal taxes. Securities issued by the U.S. government and its agencies are the choice of many risk-averse investors or investors looking
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