US
Stocks fall on Wall Street over fears of US government debt default
It comes as Fitch Ratings placed the US on credit watch, a sign of unease about the country’s ability to avert a first-ever default
Wall Street fell again on Wednesday as stocks tumbled worldwide on worries about the economy.
The S&P 500 dropped 0.7 per cent after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default on the US government’s debt.
McCarthy has since offered a more optimistic view. The House Speaker said he was hopeful White House and GOP negotiators would reach a deal in time to ...