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united states now as aa-plus with a negative outlook. the decision by standard and poor s has launched criticism with not only did they make the wrong call, but that standard and poor s basic math may have been wrong in calculating what they needed to calculate in order to decide on this downgrade. later in the show we ll be joined by jerad bernstein, former chief economic advisor to vice president biden, we ll get jerad s help. we ll also be joined by some of the top economic reporters in the country that have been covering this action today and the controversy that surrounds it. after the markets closed, an abc news report about the possibility of a downgrade frankly sent seven million stomachs lurching into 7 million throats. the u.s. government was bracing for a possible downgrade of the

Standard and poor sAaaa to aa plusSp downgradeJerad bernsteinAbc newsMarkets closedUnited states government7 millionSeven million