One of the country’s three major credit rating agencies signaled Tuesday that it could downgrade the U.S. rating, citing the impasse in Washington over raising the debt ceiling.
Fitch Ratings put the U.S. government‘s AAA credit rating on “rating watch negative,” which means there’s a higher probability of a rating change, and that it could be negative.
“Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default,” the rating agency wrote in a statement.
S&P 500 futures fell 9.6 points while Dow Jones industrial average futures sank 60 points and Nasdaq 100 futures fell 7.5 points after the announcement Tuesday.
The three main credit rating agencies have all warned, in varying degrees, that the United States’ rating could be cut if it hit the Oct. 17 deadline when Washington is expected to run out of cash to pay its bills.
Gael Fashingbauer Cooper, TODAY
Douglas had a tumor at the base of his tongue, although for nine months doctors kept telling him it was only an infection and giving him antibiotics. When he was finally properly diagnosed his doctor suggested he tell people he had throat cancer, not tongue cancer.
“If we do have to do surgery, it’s not going to be pretty,” Douglas recalled his doctor saying. The surgery could’ve resulted in Douglas losing part of his jaw and tongue, so the doctor suggested Douglas misrepresent his type of cancer, and the actor agreed.
The actor also had to deal with his children seeing lurid headlines about his gaunt appearance as he lost weight during seven weeks of radiation and chemotherapy. “I looked pretty weird,” Douglas told Jackson. But when he warned Dylan, now 13, that he might face some troubling magazine covers, he found his son was already savvy to the ways of the tabloid press. “You mean like the story when you had three weeks to live, Dad?” Dylan asked.
Douglas also encouraged other men who might be suspicious about a mole, bump or other change that could indicate cancer to get a checkup immediately, rather than wait. “I made that mistake,” he said. “I don’t want to see you do it.”
Douglas has now been cancer-free for two years, and says that doctors tell him this means there’s a 95 percent chance his cancer will not return. [FULL QUOTE]