FED The Federal Reserve System the central banking system of the United States of America.

What took so long?

Credit rating agency Fitch downgraded the United States from an AAA to AA+ rating. The U.S. is no longer officially a risk-free borrower.  Truth be told, our country earned that credit rating a while ago. There was a time in our nation’s history when large budget deficits would have been considered extreme and irresponsible. I’m…