Fitch Says America’s Credit Rating Is at Risk

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 25 May 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 25. Ratings firm Fitch is considering whether the U.S. should retain its top credit rating as negotiators in Washington struggle to reach an agreement on the debt limit. WSJ markets editor Matthew Thomas unpacks that warning. Plus, Florida Gov. Ron DeSantis enters the 2024 presidential race with a bit of a glitch. And how Nvidia is capitalizing on AI-fueled demand for chips. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Will interest rates change again?
0:02.0	What's new where I live?
0:04.0	Whatever the question, Google helps people in the UK access reliable news on a wide range
0:09.6	of stories.
0:10.6	Learn more at g.co.slashsupportingnews.uk
0:19.9	With little progress in debt ceiling talks, Fitch considers a downgrade of the US credit rating.
0:26.3	Plus, Ron DeSantis kicks off his 2024 White House bid.
0:30.8	DeSantis has a big challenge. He's slipped in the polls himself.
0:34.0	He's had some unsteady moments so far, including the launch on Twitter.
0:38.7	So he's got a lot of ground to make up.
0:41.2	And AI demand powers up chipmaker Nvidia.
0:45.6	It's Thursday, May 25th.
0:47.4	I'm Luke Vargas with Wall Street Journal, and here is the AM edition of What's News.
0:52.5	The Top Headlines and Business Stories moving your world today.
1:02.1	We begin in Washington, where White House and Republican negotiators are struggling
1:06.0	to reach an agreement on raising the US debt limit.
1:09.4	The looming deadline had begun to rattle some investors in recent days,
1:13.6	but the situation could be escalating.
1:16.2	With ratings agency Fitch now saying that America's triple-A credit rating
1:21.2	could be on the line.
1:23.1	Wall Street Journal markets editor Matthew Thomas is here now to break down what to make of
1:27.1	that rating's warning and how else markets are reacting to the situation in Washington.
	...

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