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Fitch: Raise debt ceiling and cut deficit, or face downgrade

That’s a nice national credit rating you’ve got there. It’d be a shame if you didn’t raise the debt limit, failed to cut the deficit, and played games with a default. That’s the message from the Fitch Ratings agency in London, which warned Tuesday that any failure by Congress to raise the debt ceiling quickly could lead to a downgrade that risks raising interest rates and sending shockwaves through the international financial system.

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