business
US debt is increasingly at the mercy of the market as interest costs surge as debt ceiling looms
"This trajectory points to an unsustainable medium-term fiscal path and leaves the sovereign increasingly exposed to shifts in market sentiment and financing conditions."
On Friday, the Europe-based credit ratings agency maintained the U.S. sovereign score at AA-, three notches below the top rating and two steps below AA+ grades from rivals Moody’s, Fitch and S&P Global Ratings.
Scope listed what the U.S. still has in... [3421 chars]
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