Page 17 - 110 8 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

From four to three days. president obama makes his acceptance speech. stephen colbert has another attack ad. this one urges people to vote for herman cain. >> there is one name on the ballot, herman cain. he's not a career politician. he's such a washington outsider, he's not even running. >> those are the things we thought you should know. now to what appears to be another tough economic time. americans are holding onto their cars longer. according to to a data firm, the average age of vehicle ons the road hitting a record high of 10.8 years. that's one year more than in 2007. phil, when ...

We need to do that and then solve the problem. >> the agency believes there is a one in three chance it will do downgrade america's credit rating in the next two years. there is also concerns that the u.s. is projected to have a debt equal to 10.8% of its gdp this year. this finding comes as president obama prepares to travel to virginia this morning to sell his new deficit reduction plan. yesterday, the white house downplayed the significance of the credit agency's decision. >> the s&p affirmed the aaa bond rating of the united states, but emphasized the importance of timely, bipartisan coope...

Stable to negative. the change means the agency believes there's a one in three chance it will downgrade america's credit rating in the next two years. it raises concerns that the u.s. could have a debt ee adequate to 10.8% of its gdp this year. on cnbc yesterday, austin goolsbee said politics played a role in the outlook. >> the only uncertainty that s&p folks are expressing is that they're coming down on the opposite side of moody's in some sense. they don't think that despite the president and the republicans being close to a number and agreeing that there ought to be substantial improvemen...

Cost him his job. plus residents continue cleanup after a cluster devastates the state and more to come. we'll have a weather report from bill karins. first, let's get to the news at 5:30 a.m. here at 30 rock in new york city. the rating agency standard & poor's warns the united states government is risking its prize aaa credit rating unless it takes steps to cut the nation's nearly $14.3 trillion debt. for the first time yesterday, s&p lowered its long-term outlook for the u.s. from stable to negative, sending stocks into a bit of a tail spin for a short time. the change means the agency ...

Implicati implications. new reports show it could hit our economic recovery. alison kosik at the new york stock exchange. how big an effect could this have? >> reporter: you know, carl, $100 oil we are seeing beginning to hurt the global recovery, from a new report that came out today from the national energy agency. this is really terrible timing. u.s. economic growth it is already very fragile. and we heard the same thing from the imf yesterday, which cut its own forecast for u.s. gdp this year to a 2.8% pace. i want to show you exactly what this means with this chart. take a look. last quar...