Page 5 - Aaa Rating News Today

About fringe. forget about what were hearing so far. this will be catastrophic. >> what do you make of finch tonight putting us on the negative watch what they call it for aaa rating. >> it is certainly something we expected, i think. but really why? why is this happening? why are we doing this to ourselves? for what -- what is the end goal? what do they want? the reality is republicans dont know what they want because it keeps changing. first they want to undo the affordable care act. then its ...

>> thats a nonstarter for the democrats? >> yeah, well, anyone who is for that is for dramatically increasing the risk that next time around the united states defaults. with all the negative consequences on millions of americans. and on the entire american and world economy. so that is absolutely a nonstarter. >> okay. this just in. fitch rating service has maintained its aaa rating for the united states, but places it on negative watch, citing the prolonged congressional negotiations over a hik...

Wire. >> obviously an embarrassment for everybody involved on all sides. weve been downing the days since america lost that aaa rating, 781 days for those of you who are keeping track. but the risk of a major crisis actually gets bigger. shutdown or not, right? >> reporter: absolutely. the treasury secretary said today united states will reach that debt ceiling october 17th. that is just around the corner. and even as early as this saturday, the house is likely to work on some kind of bill that ...

How long it would go. that raises the risk of default or insolvency. that happens when we cant make a social security payment, a medicaid payment, and the government obligation which is distributed or it simply cant be passed. that would be an incident of a default, something this country has never done. something that we came close to doing a couple of years back, the ratings agency lowered our aaa rating. but you could argue that we are hardly worth the aaa rating now. and so i think that that...

While detroits bankruptcy dominated headlines on friday and all weekend, in fact, a big city further south had some good news. san antonio received a aaa bond rating, a key indicator from businesses, that the city is a place to plant a fiscal flag. san antonio mayor julian castro joins us now. congratulations on your aaa rating. what is san antonio doing right? >> well, i hope a lot of things but i think that mostly what san antonios doing right is managing its resources well. it also has benefi...

Und underwhelming results. moodies went from stable to negative. the governments aaa rating. a u.s. economic growth is expanding at other paces. a new government watchdog report says the sec is not such a great place to work. the government accountability says the moral is low and theres distrust. the securities and exchange commission is the agency in charge of policing financial markets and your investments. so, moral at the sec. >> everything you need to know about money and then some. sh...

It hands over a bunch of money. >> whats remarkable is the e-mails show, and i did a the lot of reporting on the financial crisis. its like people knew. thats whats so remarkable. people know its a scam. people know its going to blow up. people are not stupid. on the inside of it, everyone is operating with a wink and a nudge. >> whats amazing is the last sieve in this thing, which they released a week before they downgraded the entire sub prime market. they put out this bucket of sub prime and ...

Auto bailout a huge success. >>the bailingout of general motors helped him in ohio and michigan and on the campaign trail. >> geithner, a chief architect of tarp and a.i.g. made the case before congress for tougher regulations on wall street. it led to the dodd-frank bill that the president signed into law. >> there will be no more tax-funded bailouts. period. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republ...

Its got to be a real deal, then we will be downgraded, not just continuing under negative watch as they say, we will be downgraded. we will lose our aaa rating which we have at the moment according to moodys. they wont let us punt. they wont let us kick the can. you just cant keep things as nice the middle of 2013. no, there has got to be a solid deal and that deal must include the reduction of debt at some point in the future. martha: this administration was the first to preside over a downgrad...

on this years summer games. and no men allowed. saudi arabias ambitious new plan to separate the sexes, a first of its kind city exclusively for women by women and of women. "newsroom" begins right now. good morning and thanks for joining us, everyone, im deborah feyerick in for carol ko costello. the wisconsin congressman hits the campaign trail on his n. he is set to visit the iowa state fair today. meanwhile, mitt romney will continue on his bus tour. the gop candidate is in flo...