WASHINGTON, June 8 The U.S. Treasury said
credit agency Fitch Ratings' warning about U.S. debt on
Wednesday was "another stark reminder" of the need for Congress
to act quickly to raise the debt limit on how much the country
Fitch Ratings warned the country would not be able to
maintain its top notch credit rating if it suffered a technical
default on its debt.
"Today's report is another stark reminder of the need to
act decisively and expeditiously to remove uncertainty in the
market by raising the debt limit so the U.S. can meet its
obligations," said Mary Miller, Treasury's assistant secretary
for financial markets, in a statement.
Fitch is the third major rating agency to sound alarm bells
over the debt ceiling and the $1.4 trillion deficit. Last week
Moody's Investors said that the slow moving deficit talks had
increased the odds of a short-lived U.S. default.
(Reporting by Rachelle Younglai)