Fitch warns that a failure to avert the fiscal cliff will increase the likelihood that it will...

|By:, SA News Editor

Fitch warns that a failure to avert the fiscal cliff will increase the likelihood that it will strip the U.S. of its AAA rating. Falling over the edge "would exacerbate rather than diminish the uncertainty over fiscal policy, and tip the US into an avoidable and unnecessary recession," Fitch says in its 2013 global outlook.