GM to begin laying off about 1,700 workers at Kansas plant, WARN notice shows
Ireland drops plans for hate speech law, minister says
Trump explains why he will not accept CNN debate against Harris
Russia says it will take no part in follow-up to 'peace summit'
France gets a new government after weeks of uncertainty
Sullivan expresses worry over escalating Israel-Lebanon tension, calls Hezbollah strike as justice served
Court gives 5 days for X to validate its Brazil legal representative
WNBA playoffs set to begin Sunday with all four first-round series getting underway
She was born blind, but she travels the world by herself
Travel isn’t just fun. It might also help fight the signs of aging
NEW YORK (Reuters) - Credit rating agency Fitch said on Wednesday the ousting of U.S. House Speaker Kevin McCarthy meant a government shutdown later this year was possible, although it would not affect its U.S. sovereign rating.
"Given the fact that the House speaker was ousted right after the continuing resolution was agreed, we expect political brinkmanship around government funding negotiations will remain tense and a shutdown later this year can't be ruled out," Richard Francis, a senior director at Fitch, said in a podcast.
A shutdown would not impact Fitch's rating as the country's "deterioration in governance" was already captured in Fitch's downgrade of the U.S. in August, Francis said.
(Reporting by Davide Barbuscia)
