Fitch says it will downgrade $30B of Treasury bills due August 4 to B+ from AAA if they are not...

|By:, SA News Editor

Fitch says it will downgrade $30B of Treasury bills due August 4 to B+ from AAA if they are not repaid in full by then - 2 days after Treasury believes its options will run out if the debt ceiling isn't raised. Should coupon payments due August 15 not be made, U.S. debt could be placed in "restricted default."