Aaaa Status News Today

Lets get to more on the breaking news were following right now. the credit rating agency fitch, fitch has just put the united states on a rating watch negative. thats a warning, not a downgrade from the aaa rating yet, but its a serious warning and it could be a major foreshadowing of much more serious action if, if that default clock gets down to zero. cnns richard quest is joining us from new york right now. in 2011, s&p actually downgraded the u.s. credit rating from that aaa status, now fitc...

>> well, cnbcs chief washington correspondent john harwood has more from the white house what this downgrade means for the u.s. good morning to you. >> this is the kind of historical first that no country wants to have happen, a huge symbolic blow to the united states and its economy. its always enjoyed a gold plated credit rating, and an embarrassment to president obama because it happened on his watch, to republicans because the president now has a tangible consequence to point to of the brink...

Books, you know, big name, big american corporate names say that they do plan to do new rounds of layoffs. >> reporter: yes. how about goldman sachs? goldman sachs, the greatest investment bank on the planet, 1,000 people. how about lockheed martin? martha: hang on, stuart, were getting some breaking news we want to bring in. fox news has just heard standard & poors will meet with u.s. first-term house republicans at 3:00 this afternoon. we can -- stuart, what do we know about that? >> reporter:...

Want to bring in. fox news has just heard standard & poors will meet with u.s. first-term house republicans at 3:00 this afternoon. we can -- stuart, what do we know about that? >> reporter: thats very important. martha: huge information on our rating. >> that is very important. standard & poors is a ratings company. they tell the world whats your financial standing. they have said recently that unless america gets its financial house in order, we will be downgraded, we will lose our aaa status....