Detailed text transcripts for TV channel - CNN - 20110418:20

Detailed text transcripts for TV channel - CNN - 20110418:20:38:00

let's go to felicia taylor with the latest on the down day. is the standard & poor's long-term outlook what did it? >> absolutely, brooke. they've lowered the rating from negative to stable because of our credit problems. investors like that and will stay there for the time being but the s&p is looking down the road. it's worried that congress isn't going to be able to fix the budget before 2013. we're talking two years from now. if the outlook doesn't improve, that's going to hurt the government credit rating and affect bond markets and including the value of the dollar. the good news is, this seems to have been an initial event because the market closed well off the lows of the session. brooke? >> and then of course today we've got to talk taxes. tonight is the deadline. hope you filed yours. i have certainly filed mine. we're learning that the super rich is apparently paying a lot

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