Fitch Ratings cited Washington's rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.
Fitch Ratings cited Washington’s rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.
From the commentary: Joe Biden has staked a substantial degree of his presidency on showing that he can work across the bitter partisan boundaries of recent years, already producing the massive bipartisan infrastructure law and measures to spur domestic chip production and protect the health of veterans.
Approval in the Senate on a bipartisan vote, 63-36, reflected the overwhelming House tally the day before, relying on centrists in both parties to pull the Biden-McCarthy package to passage.