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    Wochit Headline News

    by Wochit Headline News

    Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA citing the political brinkmanship over raising the federal debt ceiling.
    WASHINGTON (Reuters) - President Barack Obama sought to inject a reassuring tone into the frantic efforts to avoid a U.S. debt default this week, saying his expectation is that the fiscal impasse will be resolved.
    WASHINGTON (Reuters) - The U.S. Treasury said on Tuesday the threat of a credit rating downgrade is a reminder for U.S. lawmakers that the United States is dangerously close to defaulting on its obligations.
    NEW YORK (AP) - Stocks are closing lower as hopes fade for a quick solution to the gridlock in Washington over how to avoid a U.S. government default.