Fitch Ratings agency placed the United States’ AAA credit on “ratings watch negative,” warning of a possible downgrade. / Photo: AP
However, Speaker Kevin McCarthy also said he had directed his negotiating team"to work 24/7 to solve this problem." At the Capitol, McCarthy, R-Calif, said that"every hour matters" in talks with President Joe Biden's team as they try to work out a budget agreement. In remarks at the White House, Biden said,"It's about competing versions of America." Yet both men expressed optimism that the gulf between their positions could be bridged.The White House said that discussions with the Republicans have been productive, including by video conference on Thursday, though serious disagreements remained as the president fights for his priorities.
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