By Erik Wasson
It says that resolving these matters would allow Fitch to possibly take its “negative outlook” off of the gold-plated AAA rating by the end of next year. A downgrade would otherwise come before late 2013, it said.
The thorniest issue of the fiscal cliff remains what to do with the Bush-era tax rates. Obama has refused to entertain renewing the tax breaks for higher earners, and House Speaker John Boehner (R-Ohio) is moving swiftly to define the election as not being a “mandate” to raise taxes as part of any deal.