Page 2 - Sean Locklear News Today

not concerned with anything frozen during the daytime hours. just a lot of rain and temperature falling into the 40s by 4:00 p.m. more details on the forecast in just a minute. >> thank you. checking our top stories, police are warning drivers they might be in for delays today on k street while occupy protesters take their message to will byists actually rally is set to start around 11:00 a.m. and might create delays between 13th and 17th streets along k street. look for traffic on t...

standard & poors has downgraded the u.s. credit rating for the first time in the history of the ratings. the top treple a rating is now aa-plus. the agency says the downgrade reflect our opinion that the fiscal consolidation plan the that the congress and the administration agreed to falls short to what would be necessary to stabilize the governments medium term debt dynamics. crystal welker joins us now for reaction to this. the administration cannot be happy about this. what are you ...

past several weeks. s&p released a statement explaining their reason for the downgrade. in part, the downgrade reflects our opinion that the fiscal consolidation plan that congress and the administration recently agreed to falls short of what in our view would be necessary to stabilize the governments medium term debt coulddynamics. and the downgrade announcement came after the markets closed allowing for minor gains in a week marred by the biggest losses since 2008. a positive jobs re...

limit deal. the fear was that the economy could face serious damage if our credit rating was lowered. the s&p says it is cutting the aaa rating to a aa plus because the deficit reduction plan passed by congress tuesday did not go far enough to stablize the countrys debt situation. the s&p is also saying that it is issuing a negative outlook which means it could lower the rating again in the next few years if it does not see improvement. so what does all of this mean for the economy? le...

does not see improvements. earlier tonight i spoke with rick adelman about this credit down grade. take a look. give us an idea of how this all could hurt our economy, this latest news. >> well, this is a political shock and its an emotional shock, but it isnt necessarily going to prove to be an economic problem and we need to keep that into perspective. >> it sounds like from the statement, rick, that the and and p just doesnt think congress and the white house can work -- that the s&...