Debt to the penny: July 31: $32,608,585,072,666.14 May 31: $31,464,457,465,522.98 Debt increase in 2 months: $1,144,127,607,143.16, about $18.76 billion per day.
Fitch downgrades U.S. long-term rating to AA+ from AAA :
“In Fitch’s view, there has been a steady deterioration in standards
of governance over the last 20 years, including on fiscal and debt
matters, notwithstanding the June bipartisan agreement to suspend the
debt limit until January 2025,” the ratings agency said. ...
This isn’t the first time a rating agency has downgraded the U.S. Standard & Poor’s cut the nation’s credit rating to AA+ from AAA in 2011 after Washington managed to avoid a default. At the time, the agency highlighted political risk as part of its reasoning.
