Secret Service Police stand by as climate activists occupy Lafayette Park with a 120 foot banner demanding President Biden act on climate change near the White House on July 04, 2023 in Washington, DC.Tasos Katopodis | Getty ImagesFitch Ratings downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, pointing to “expected fiscal deterioration over the next three years,” an erosion of governance and a growing general debt burden.”The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” said Fitch.U.S. stock futures opened lower after the rating agency issued its downgrade, with Dow futures sliding about 100 points.In May, the agency placed the nation’s AAA rating on negative watch, blaming the debt ceiling fight. At the time, lawmakers in Washington butted heads over an agreement that would keep the federal government from running out of money. President Joe Biden signed the debt ceiling bill on June 2, just days away from the “X-date” on June 5.The country’s recent debt limit feud was mentioned again in Tuesday’s downgrade.”In Fitch’s view, there has been a steady det …
