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.
Shroomie : I agree.. nobody racks up debt like we do
01460702 : Is this the reason for the sell off at PM today or is there something else?
Shroomie 01460702 : that's the reason and it's going to get worse