The rating agency Fitch Rating on Wednesday downgraded to “negative” the outlook for the long-term debt of the USA, which it places at the AAA level, the highest possible, due to the risk of the country declaring a default.

In general, this move suggests that the downgrading of the company’s debt is likely in the near future.

The decision “reflects the political tensions that prevent the resolution of the problem” that would be given “by raising or suspending the effect of the federal debt limit,” as “the deadline is fast approaching,” Fitch explained.

Democratic President Joe Biden’s administration and the Republican opposition are continuing their tough negotiations over Congress raising the federal borrowing limit, needed to avert the risk of an unprecedented default by the government on June 1, which would had disastrous consequences for the American and world economy.