Credit rating agency warns of congressional debt limit stalemate despite GOP majority

The U.S. is at risk of hitting an impasse over the debt limit with congressional Republicans dealing with a threadbare majority in the House of Representatives, the Fitch Ratings agency warned in a report on Tuesday.

"The U.S. faces significant policy challenges in 2025 relating to the debt limit, appropriations, and tax cuts in the context of already large deficits and an increasing debt burden," Fitch wrote. "We think it is unlikely that debate to increase or suspend the debt limit will...