Journal Editorial Report: But where's the recession everyone predicted?
Images: Getty Images Composite: Mark KellyThe decision by Fitch Ratings on Tuesday to downgrade U.S. debt has jolted Wall Street and Washington, but why is anyone surprised?
The downgrade to AA+ from AAA may even be an overly optimistic assessment of the U.S. fiscal outlook, and it ought to be a warning to the political class, which will ignore it.
Persons:
Mark Kelly
Organizations:
Fitch, AAA
Locations:
Washington