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Debt Ceiling Showdown Analysis

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Debt Ceiling Showdown Analysis
Welcome to TJH News this Morning.
We are following breaking news at this hour on the economy of the United States, how concerned should we be?
Breaking news that Fitch’s rating on Wednesday, August 23 said that failure to raise the federal debt ceiling would allow a review of the United States rating. Currently, the United States has the highest rating, AAA status. If the debt ceiling is not raised this could be a negative effect on the rating status. This not the first debt ceiling showdown. This happened in August 2011, in which the U.S. was stripped of its highest rating.
While the U.S. Credit rating may change – could the housing market be slowing down? New home sales plunged 9.4% in July falling to a 7- month low. The sales of
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