Page 4 - Down Grade News Today

Condition. gas prices are creeping above the $4 per gallon mark. new york became the sixth state to rise above $4 per gallon, joining alaska, california, connecticut, hawaii, and illinois. washington, d.c., also makes this list. the national average is $3.83. recent retail surveys may suggest consumers are reaccount ing by purchasing less fuel. the inability to make real strides in trimming the nations deficit has a top ratings service downgrading the outlook on our debt from stable to negat...

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.

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. >> ...

Failure triggers a 1.$2 trillion cut in spending on everything from military to medicare to seniors by 2013. the u.s. credit rating also on the line for the second time this year. another down grade could punch holes in our economy by sending interest rates higher on home loans and credit cards and other items. we are live in washington with the news. molly, the question is is the supercommittee about to make the super decision to quit? >> hi. it appears so. they are discussing how to bring thei...

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? >>...

Latest updates on this topic.

Liesed the possibility of a down grade. at the end of the day, there is nothing that hasnt happened that creates new information about the quality of u.s. treasuries. it is a blow to confidence, but it is not really telling the market anything we dont already know. >> as far as the things we are hearing about the interest rates going up, mortgage rates going up, what can you tell us about that? is that a legitimate worry right now? >> i think in the medium term, it is definitely a concern. we ar...

Remained fairly low. that is what we have seen over the last week. >> as far as the other two rating agencies, do you think they will also go ahead and down grade, or is it possible they will not do that? >> it seems unlikely at this point. there are a couple things going on here. there isnt really an issue about u.s. governments being able to generate the revenue to make the debt payment. it is fairly clear we can do that. what this reflects, the down grade from s&p is they are concerned about ...