Fitch sees narrower deficits.

  • Deficit expected to narrow further in 2015 and 2016 from 2.8% of GDP in 2014.
  • Medium-term outlook has improved slightly on combination of economic strength and low interest rates
  • General govt debt to start trending down after hitting 100% of GDP in 2014
  • Expects little progress on President's or Congressional budget reforms

S&P will have to reverse its downgrade in the next couple years.

From the Sydney Olympics, when the euro was at 88-cents