One of the top three ratings agencies issued a credit warning for the United States Wednesday as debt-ceiling negotiations slowed, adding more pressure to lawmജak🐼ers ahead of the June 1 deadline. 

Fitch placed the U.S.’s AAA Long-Term Foreign-Currency Issuer Default Rating on “rating watch negative,” indicating that it could cut the government’s rating if the debt-ceiling issue is not adequately resolved. While the ratings agency said it believed a deal would be reached, the 澳洲幸运5官方开奖结果体彩网:delays in negotiations increase the risks of a U.S. default.

澳洲幸运5官方开奖结果体彩网:Stock markets have been in decline this week as lawmakers continue to negotiate over a deal that woꦇuld raise the U.S. debt limit. The U.S. Treasury estimates the government could run short of funding to meet its obligations—which includes servicing the debt on its bonds—as early as June 1𝓡. 

“The Rating Watch Negative reflects increased political partisanship that is hindering reaching a resolution to raise o♊r suspend the debt limit despite the fast-approaching x date,” Fitch wrote.

In its note, Fitch points to future problems with U.S. crediℱtworthiness, regardless of how the current debt-ceiling 𝔍negotiations are resolved.

“The 𝔍brinkmanship over the debt ceiling, failure of th🌺e U.S. authorities to meaningfully tackle medium-term fiscal challenges that will lead to rising budget deficits and a growing debt burden signal downside risks to U.S. creditworthiness,” the Fitch note said.

Fitch also gave some details as to how it would approach its ratings towards the U.S. if negotiati♐ons were to extend beyond the June 1 deadline that Treasury Secretary Janet Yellen has laid out.

If the U.S. were to prioritize payment of its bonds over other government payments, like social security checks a𒀰nd government employee pay, that would not be a default in Fitch’s view, the note said, but it would still likely drop its rating below AAA. Experts have raised questions as to whether the U.S. can legally prioritize bond payments over other financial obligations.

Should the U.S.♔ not make payments on its bonds, that would be a default, the ratings note said, resulting in a cꦿhange to “Restricted Default” and corresponding CCC, C and D ratings for U.S. debt securities. 

During the 2011 debt ceiling negotiations, which were ultimately successfully resolved without a default, ratings agency 澳洲幸运5官方开奖结果体彩网:Standard & Poor’s downgraded 🌊the U.S. from its highest AAA rating to AA+, a rating that the U.S. still holds to this day.&n𒅌bsp;