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US Unlikely to Face Debt Ceiling Crisis in 2017 - Fitch

US Congress is unlikely to delay vote on suspending or raising the limit for federal debt, Fitch Ratings said in a release on Wednesday.

WASHINGTON (Sputnik) — Fitch noted the US Treasury Department will be unable to add to its debt stock after the ceiling is re-imposed.

US President Donald J. Trump delivers his first address to a joint session of Congress from the floor of the House of Representatives in Washington, DC, USA, 28 February 2017 - Sputnik International
US Lawmakers Urge Trump to Work With Congress to Raise Debt Limit

"The ceiling on US federal debt is slated to be re-imposed at just below $20 trillion tomorrow, having been suspended since November 2015," the release stated.

In August, Congress passed a bill to raise the debt ceiling just ten hours before the deadline was set to expire. The move caused the ratings agency Standard and Poor to downgrade the US credit score from AAA to AA-plus.

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