Fitch Ratings warns Obama must get deficit deal

Written By Unknown on Kamis, 08 November 2012 | 00.32

WASHINGTON — Fitch Ratings says President Barack Obama must pivot off his re-election victory and quickly forge an agreement with Congress to prevent a series of tax increases and spending cuts that kick in next year.

The credit rating agency issued a news release Wednesday — hours after Obama won a second term — saying the president will have "No Fiscal Honeymoon." Fitch says Obama must work toward a credible plan to avoid the so-called fiscal cliff or risk losing the federal government's top 'AAA' rating next year.

The agency changed its outlook for the U.S. rating to negative last year after Congress and the Obama administration failed to meet a deadline for a plan. They face $600 billion in tax increases and spending cuts that go into effect on Jan. 1.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Anda sedang membaca artikel tentang

Fitch Ratings warns Obama must get deficit deal

Dengan url

http://emberemas.blogspot.com/2012/11/fitch-ratings-warns-obama-must-get.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Fitch Ratings warns Obama must get deficit deal

namun jangan lupa untuk meletakkan link

Fitch Ratings warns Obama must get deficit deal

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger