The White House of the United States: Fitch's report provides more evidence that defaulting on debt is not an option.

BlockBeats reported on May 25th that as the deadline for raising the debt ceiling approaches (June 1st), Fitch Ratings has placed the United States' "AAA" rating on negative watchlist to reflect the increasingly deteriorating political relationship that is hindering the resolution of the debt ceiling crisis. Although the rating agency believes that the likelihood of default is "very low," if it occurs, it will downgrade the US rating to AA- (consistent with Ireland and South Korea). The White House responded by saying that Fitch's report highlights the need to reach a bipartisan agreement, and there is more evidence that defaulting on debt is not an option. The US Treasury Department stated that the game of chicken around the debt ceiling has caused serious harm to businesses and American families, increased short-term borrowing costs for taxpayers, and threatened the US credit rating. Tonight's warning emphasizes the urgent need for Congress to take swift action to raise or suspend the debt ceiling, and avoid the need for a man-made economic crisis. (Jinshi)