Trump signed the “One Big Beautiful Bill Act” into law in July after it was passed by the Republican-controlled Congress. The bill, which delivered new tax breaks, also made Trump’s 2017 tax cuts permanent.

“Amid the rise in effective tariff rates, we expect meaningful tariff revenue to generally offset weaker fiscal outcomes that might otherwise be associated with the recent fiscal legislation, which contains both cuts and increases in tax and spending,” S&P said in a statement.

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Source: https://www.reuters.com/business/sp-affirms-aa-credit-rating-us-cites-impact-tariff-revenue-2025-08-19/

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The post S&P affirms ‘AA+’ credit rating for US, cites impact of tariff revenue first appeared on Garner Ted Armstrong Evangelistic Association.

Fitch Ratings said Friday it is holding the United States on watch for a possible credit downgrade, even though Congress passed a bipartisan debt ceiling agreement that will ensure the government can pay its bills on time.

The ratings agency said in a statement it would maintain the “Rating Watch Negative” on the U.S. as “we consider the full implications of the most recent brinkmanship episode and the outlook for medium-term fiscal and debt trajectories.”

The warning came shortly after the Senate passed legislation lifting the debt ceiling for two years in exchange for modest spending cuts.

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Source: https://www.foxbusiness.com/economy/fitch-keeps-us-credit-rating-on-negative-watch-despite-debt-ceiling-deal

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The post Fitch still considering US credit rating downgrade despite debt ceiling deal first appeared on Garner Ted Armstrong Evangelistic Association.