WASHINGTON — Fitch Ratings announced on Tuesday that it has placed the United States' triple-A rating on negative rating watch, just two days before the U.S. Treasury is expected to exhaust extraordinary measures to finance government spending without raising the $16.7 trillion debt limit.

A negative rating watch means there is a higher likelihood of a downgrade within a shorter time frame. The negative rating watch applies to long-term foreign and local currency issuer default ratings and outstanding debt.

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