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Fitch's first downgrade since 1994 sends shockwaves through US stock market
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Fitch downgrades the United States' long-term credit rating ...

Fitch downgrades the United States' long-term credit rating from AAA to AA+.
Fitch says that "repeated debt-limit political standoffs and last-minute resolutions" are to blame.
They note that debt ceiling standoffs have "eroded" confidence in fiscal management.
Fitch just called the United States fiscally irresponsible.
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