Detailed text transcripts for TV channel - FOXNEWS - 20111115:21:04:00
Approaching thanksgiving and there is no deal, you have until the end of the year to secure something here, then the automatic cuts kick in. but at that point rating agencies could downgrade u.s. debt and moody's who do what s&p did and downgrade our aaa rating. would you back that move? would you say it would be warranted? >>guest: well, at the level the committee is talking about we are under threat of another downgrade of our credit rating so we still have that threat. we have not fixed anything long term. i came here to offer solutions and a last the new freshman claim came to fix problems...