Fitch reiterates warning on rising U.S. debt burden, AAA rating

"Federal debt will rise in the absence of expenditure and tax reforms that would address the challenges of rising health and social security spending as the population ages," Fitch said in a statement.

"The high and rising federal and general government debt burden is not consistent with the U.S. retaining its 'AAA' status despite its other fundamental sovereign credit strengths," the firm said.

(Reporting By Daniel Bases)

Source: http://www.ibtimes.com/articles/20111221/fitch-reiterates-warning-on-risings-debt-burden-aaa-rating.htm

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