Hello, friends. I hope you are doing well.

Today’s post will offer little commentary beyond a link to a CNBC article about Fitch’s downgrade late yesterday (Tuesday) of the U.S. long-term credit rating from AAA to AA+. The following is an excerpt from the article:

“Fitch Ratings downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, pointing to “expected fiscal deterioration over the next three years,” an erosion of governance and a growing general debt burden.” […]