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