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October 16, 2013
And with the risk of default still with us, the fitch rating industry has put the united states on notice. its threatening to downgrade the united states aaa credit rating. yes, i know, moody has done that but fitch didnt. what exactly is that going to mean? the last time it happened, the s&p removed that sterling aaa credit rating, stocked nose-dived. but not much really changed in the long-run. were all worried about whats going to happen when the clock strikes midnight tonight. no worries, no...
July 17, 2011
wont support deep cuts without increases in taxes. >> if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. >> david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change americas unsustainable economic path. what do you think? do that you think that oppor...
July 16, 2011
to be severe. welcome to "your money." im ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nations bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he wont support deep cuts without increases in taxes. >> if youre trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch ...