Detailed text transcripts for TV channel - MSNBC - 20131008:15:07:00
Rating agency tonight has downgraded america's aaa credit rating for the first time in u.s. history. >> downgraded, the u.s. loses its perfect credit rating for the first time in history. >> s&p said last night the political brinksmanship highlights what we see as america's governance and policy making becoming less stable, less effective and less predictable. >> here's the damage from today. the dow down over 634 points. that's the sixth largest point drop in its history, the worst since '08. nasdaq lost just about 7% of its total value. s&p 500 lost 6.6% of its value in one day. it's a bigge...