US RATING RETAINED: Fitch Ratings has retained the U.S. at its top ‘AAA’ credit rating.
OUTLOOK STILL NEGATIVE: But Fitch also left the outlook negative, citing the failure of Congress and the Obama administration to forge an agreement on reducing the budget deficit.
UNCERTAINTY OVER POLICIES: Fitch says that uncertainty over federal tax and spending policies related to the so-called fiscal cliff “weighs on the near-term economic outlook” and raises the prospect of another recession. Unless Congress acts, the “fiscal cliff” comes at year’s end.
What can you expect with Obama adding a trillion dollars to the debt every year.