Meanwhile Pat Toomey introduces backup bill
(NEWSER) – The US credit rating is once again in danger thanks to a debt ceiling showdown. Fitch today announced that it may downgrade the US even if lawmakers manage to strike a deal, CNN Money reports. Fitch already has a negative outlook on the US' AAA rating, and said that would turn into a downgrade "in the absence of an agreed and credible medium-term deficit reduction plan that would be consistent with sustaining the economic recovery."
Read more: Newser
