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Fitch warns debt ceiling fights could cost US status as global reserve currency

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Fitch Ratings has a negative outlook for the United States' "AAA" credit rating due to the ongoing congressional debate over the debt ceiling increase. The struggle over the ceiling, which must be raised by Oct. 17 to avoid default, could result in further damage to the economy if the dollar no longer serves as the global reserve currency, according to Fitch. "The prolonged negotiations...