🚨🇺🇸 BREAKING: Fitch downgrades US credit rating from AAA to AA+ for the first time in a decade, raising concerns over America's fiscal health.

1️⃣ Governance Challenges: Political deadlock and debt-related uncertainties eroded confidence in fiscal management.

2️⃣ Soaring Government Deficits: Fitch projects a 6.3% GDP deficit in 2023, up from 3.7% in 2022.

3️⃣ Mounting National Debt: Continued debt-to-GDP growth poses long-term concerns.

4️⃣ Unresolved Fiscal Issues: Rising interest costs and expiring tax cuts intensify political pressures.

5️⃣ Fed Rate Hikes: Fitch anticipates further rate increases, adding to rating pressures.

Fitch warns that failing to address spending and macroeconomic policies may result in more negative revisions. Interesting times ahead.

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