US Credit Rating at Risk Amid Debt Negotiations

Fitch has put America's debt on "credit watch negative," indicating that the country is getting riskier due to excessive borrowing. The threat is not that America defaults, but that its credit score goes down. If there is a downgrade, it would be Biden's downgrade, as he is not cutting spending and voters are against his debt ceiling stand. US debt default could send mortgage rates soaring above 8%, and if Biden has his way, the country will soon be spending a trillion dollars a year on interest.