Obama’s Watch: Fitch Ratings Warns U.S. of Imminent Credit Rating Downgrade

Collapse of the Dollar --The Veritas ReportThe Collapse of the Dollar –AgoraFinancial/The Veritas Report

(Christian Science Monitor) Fitch Ratings, a leading credit rating agency warned today, that the U.S. is likely to lose its top-notch credit rating if lawmakers and President Obama, cannot agree to a solution that prevents the economy from going over the “fiscal cliff”  in 13 days.

On the 05 August, 2011 I wrote here that Standard & Poors announced that they cut the U.S. credit rating for the first time in history from AAA to AA+ because the so called deficit reduction plan passed by Congress did not go nearly far enough to stabilize the nation’s debt situation which now exceeds $16.3 Trillion and growing by $4.8 Billion per day.

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