The ratings agency warned that it may downgrade the U.S. government's triple-A debt rating by 2014 if Congress does not reach a deal for a new federal budget.
"For nearly four years, President Obama has presided over reckless spending and runaway debt. And now it's clear that all Americans will pay the price, with another potential credit downgrade," Andrea Saul, a Romney spokeswoman, wrote in a statement on Wednesday.
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