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Tuesday, May 7, 2024

US credit downgrade ‘entirely unwarranted’: Yellen

US Treasury Secretary Janet Yellen attends an event in McLean, Virginia a day after the world’s biggest economy lost its top-tier credit rating from Fitch. (Photo: AFP)

MCLEAN (UNITED STATES): A US credit downgrade by Fitch was “entirely unwarranted,” Treasury Secretary Janet Yellen said Wednesday, pushing back against the second-ever decrease by a major ratings agency following repeated debt limit standoffs in Washington.

Her remarks came a day after the world’s…

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