Page 3 - Down Grade News Today

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...

and this is what politicians fight about. this is the recovery here. you had a weak spot last summer, a weak spot this summer and now a job market thats doing just a little bit better. so what are the politicians saying about it? heres the spin. the white house focuses on this. 29 months in a row of private sector job growth. the economy has now added private sector jobs for 29 straight months for a total of 4 miion jobs during that period. and what about governor romney? they tend to ...

So that is kind of under control, you still have down grades. its going to be a problem but a longer term problem. >> the other good news here is that sarkozy and merkel feel pressure at home -- >> and asarkozy is in his own re-election. >> correct. so the break up of the euro would be bad for them as well. so theres hopes that the euro sticks together. >> breaking up? even like way worse than our favorite band breaking up. >> the thing to pay attention to is not the s&p 500 down grade, the thin...

american people and dont raise tax on them right now. now is not the time to slam on the brakes. now is the time to step on the gas. now is the time to keep growing the economy, to keep creating jobs, to keep giving working americans the boost that they need. >> our chief white house correspondent jessica yellin with more on the presidents bush. you dont add an event unless you see moment dlul. >> reporter: they want to beat that drum every day. they see this as a win for the president...

Coming from to call americans lazy. and number lyrics its going happen tomorrow morning, wednesday morning, we cross the $15 trillion mark as our total outstanding national debt. $15 trillion. >> and china is threatening another down grade, stewart. why? because the president cant speak up to them because they carry too much of our debt. >> if we dont get something through the super committee. >> not going to happen. >> if we dont cut the deficit, we get downgraded by moodys. it wont happen. >> ...

Concerned in the 70 hes. i thought it would lead to ending spending and debt and thats where we are. i think we have to take this very seriously. >> do you think you can knock a trillion dollars off the top? do you think you can do it within year one or two years? how long do you think it would take you to say, wait a minute? because right now we borrow 40 cents of every dollar. we stay in 2.2 and pend 3.7. its unsustainable. how quickly do you think you can knock off $1 trillion in spending? >>...

europeans and the americans might have to have more central bank intervention into the markets and also said that there have been policy decisions in europe and the united states that have been poor, and then on top of that, that was enough. that was already bad, brooke. then we got some economic reports right here in the united states. slowdown in housing, slowdown in manufacturing, and, you know, not a great report about new jobless claims. basically it all piled on. people ran out o...

already for so many people. so its unbelievable. we just dont know. were at a point where there is a lot of concern because it is so uncertain. and people are following it, theyre talking about it. >> and theyll be doing that for the next two hours. hope fly well have something by the beginning of next week. live from studio 7, want to get you up to speed for this friday, july 29th. were will thalmost out of time. those words from president obama. the deadline for raising the country...

the president left the city. ja jacob zuma held talks. more than 100 military officers including 100 army generals defected to the opposition. and russia, importing vegetables including crucumbers. more than 1,000 deaths. the outbreak originated in organic cucumbers from spain. those are the headlines. im zain verge any london. "world business today" starts now. -- captions by vitac -- www.vitac.com good morning from london. >> here are our headlines, this tuesday, may the 31st. ...

Couple weeks ago with the continued resolution toss keep the government going. if you think about it, greta, all this was done in the open light of an open government day. imagine what would have happened if we had burned that to either a shutdown government or a debt ceiling brink issue. none of that occurred. that might be part of the equation the s&p is looking at. but they are saying forget about what happens if your government ever closes. look at the havoc its created while they are open f...