Debt Downgrade News Today

Calling for cameras in the courtroom. When trump goes to trial. Plus, he didnt come out in force the throne predicted. Supporters were at his arraignment. They were not alone. We are here in washington d. C. , trump is about to be indicted for the third time this year. How do you feel about that . I dont feel very good about that. The good liar will join later this hour to share their experience talking to the dont face well at their arraignment. It includes one persons anatomically difficult su...

and remembering an icon. ♪♪ >> tina turner the queen of rock & roll. ♪♪ and we begin this very busy hour with very latest from washington where time is literally running out for negotiators to reach a deal to raise the debt ceiling. theres just one week until the treasury secretarys estimated deadline to stave off what could be a devastating debt default. top credit agency has now put the countrys aaa credit rating on negative watch. pointing to partisanship as hindering a so...

For a landing. the closer you get to the runway, the tougher things arent. that is kind of what we are right now. these larger issues in the debt downgrade im sure him talk about. what fitch calls deterioration in governance. there is not a big issue still facing the economy in this country. yasmin? >> scott holmes for us. thank you. caleb, this talk a little bit about this. we are looking at the fitch credit downgrade happening, of course, what we are getting that third indictment of the former...

That move showed more than anything that political problems associated with setting fiscal policy in this country could have a tangible downside result. now ultimately, as we all know, the debt ceiling debacle back then along with all of the other ones in u.s. history have been resolved, albeit at the 11th hour, kind of like whats happening now. whats absent, though, in the current scenario as opposed to the one back in 2011, is the market volatility. some will remember that there was a sharp dr...

When. were talking about a debt downgrade for italy this morning. rating agency moodys has cut italys credit rating by one not so concerns about romes plans for larger deficits and the already high public debt load at one hundred thirty two percent of gross domestic product its lee has the highest national debt in the euro zone after greece last week rome also clashed with the e.u. commission over its plans to increase borrowing the downgrade now will make borrowing even more expensive for. the ...

Expensive mortgages, and car loans, consumers spending less leading to job loss. think about it like this -- america is now on probation. put there by one of the watchdogs that tells the world whether its safe to own americas debt. they could be taken off probation, but historically speaking, negative watch leads to a full debt downgrade. rebecca jarvis, abc news, new york. former san diego mayor bob filner has reached a plea deal on sex charges which will likely keep him out of jail. filner p...

More it could potentially hurt think theyre still even at that time that point will be the advocates of big government but assumption that the children in the sandbox and play it would show we merrily go on nice together, come up with a deal. but there is that possibility when its sidelined, for a long that we find ourself in the time. >> what if we threw a government 12th hour and a minute and nothing is done. shutdown and nobody noticed? now, we went through the specter this is the ultimate fe...

Economy doesnt feel that way. a lot of this has to do with interest rates. the dow on march 9th, 2009, at 6500, the low after the recession, after the financial crisis. the recession formally ended in june of 2009. you see from there, markets are going up. in october of 2009, unemployment hit 10%. markets kept on going largely higher. sometime in the middle of 2010 it fell down again. you sty wee it was working its up. this was qe 2 as you remember it. then the markets kept going up in 2011, dro...

Is probably 50 percent and, yes, you are right, we are still not fixing the problem or coming to a solution. one thing, remember, when we had the problem with the debt downgrade and the different talks a year ago? there were the scare tactics from washington about what would happen to interest rates, and what would happen to social security, and interest rates went down, people got their checks and everything was fine. >>neil: i am reminded of the words of the apollo 13 command other, can you no...

There is that a credit downgrading would make it much more expensive for us to borrow to finance our current debt, which is of course, substantial. for years weve been borrowing at rates that are historically very, very low. now that could change. but i will remind you, the last time there was a debt downgrade, as i said earlier. it didnt affect our borrowing rates at all. >> well just have to pay more? >> absolutely. that would be one scenario where interest rates would go up. but nobody is goi...