Fitch Ratings, one of the three major credit rating assessors in the financial sector along with Moody’s and Standard & Poor’s, announced it is considering downgrading the US credit rating because the toxic political climate in Washington, DC is constantly risking global financial collapse, Bloomberg reports.
“The Rating Watch Negative reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit despite the fast-approaching X date,” the ratings agency said in a statement. So the GOP’s repetitious drama to attempt to gain politically has the real potentiality of hitting American families in the checkbook.