
Outreach from Fitch Ratings to the Treasury Department on Monday afternoon set off a frenzy inside the Biden administration to respond to news that would once again put President Joe Biden’s handling of the economy under the microscope. The news from Fitch – that it would one day later downgrade the United States’ creditworthiness, the first such move by a ratings agency in more than a decade – set off a frenetic effort among Biden’s top advisers in the Treasury Department, White House and campaign to craft a response that...