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Economy
Kevin McCarthy with President Joe Biden at an Oval Office meeting on the debt ceiling on May 22.
House Republican leader Kevin McCarthy and US President Joe Biden.

Saul Loeb/AFP/Getty Images

  • Ratings agency Fitch cut America's credit score in a surprise move Tuesday.
  • That might sound bad – but the decision doesn't mean anything much for the economy.
  • The US still has the same credit rating as Canada, and is seen as more reliable than the UK.

Fitch's surprise downgrade of the US's credit score Tuesday might sound like a disaster for the economy and a blow for Joe Biden.

Tags
economy, Markets, Fitch, Debt Crisis, Recession, Canada, UK, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Investing Analysis, Investing Outlook, Investing Strategy
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America's credit score got slashed – but that's not the economic disaster it so…