• Fitch warning they may cut the US ‘AAA’ rating.
• Fitch citing the fact that authorities have not raised the federal debt ceiling in a timely manner before the Treasury exhausts extraordinary measures
• Fitch says they believe the debt ceiling will be raised soon but that “Political brinksmanship and reduced financing flexibility could increase the risk of a US default”
• Say they will resolve the rating watch negative status by the end of Q1 2014