The new fiscal confrontation is brewing in Washington, which may complicate the Fed's decision -making and make the warnings issued by the Federal Rating more harsh: self -harm is damaging the position of the United States in the global economy.
Congress has entered the long break period in August, but the disputes between the government appropriation and some hot social issues are still unreasonable, which has intensified the risk of government stopping after the use of federal funds on September 30.It is also the latest political marginal policy about government budget that prompted Fitch to deprive the American AAA debt rating last week, which led to both Wall Street and Washington have expressed dissatisfaction with this amazing move.
Fitch's decision also made Republicans bolder, asking President Joe Bayeng and Democratic Democrats to obey the new cut expenditure requirements.
