
• Fitch Ratings downgraded the U.S. credit rating on Tuesday from “AAA” to “AA+” due to a lack of perceived trustworthiness by the U.S. from the agency to pay its debts. • Biden administration spending through the Inflation Reduction Act, CHIPS and Science Act and infrastructure projects has increased deficits, leading to the downgrade, experts told the Daily Caller News Foundation. • “This has been a direct result of the Biden administration spending, borrowing, and printing too much money,” E.J. Antoni, research fellow at the Heritage Foundation’s Grover M. Hermann...