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US losing Fitch's top AAA credit rating may portend future economic weakness

  • Written by Hakan Yilmazkuday, Professor of Economics, Florida International University
US losing Fitch's top AAA credit rating may portend future economic weaknessMoney doesn't grow on trees for governments either.imagedepotpro/E+ via Getty ImagesUS losing Fitch's top AAA credit rating may portend future economic weaknessCC BY-ND

The formerly pristine reputation of the U.S. government’s debt lost a little more luster after another prominent rating agency demoted Uncle Sam from its AAA perch.

What does a downgrade of U.S. creditworthiness like this actually mean?

While the...

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