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Video 17:15, 07-Aug-2023
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Expert on possible causes behind Fitch's downgrading U.S. rating

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Rating agency Fitch recently downgraded U.S. government debt by one notch, saying that it expected a worsening fiscal situation for the country in the next three years. Professor John Gong, vice president of Research and Strategy at the University of International Business and Economics, Israel, says the move highlights the political gridlock in Washington regarding raising the debt ceiling.

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