Detailed text transcripts for TV channel - MSNBC - 20110714:09:35:00
Agencies, which are sounding the alarm as the deadline gets closer. for more on what all this means, we bring in cnbc's steve sedgwick live in london. good morning, steve. >> good day to you. moody's joining s&p in saying, look, guys, if you don't raise this debt limit, which you reached on may 16th anyway, at $4.3 trillion, there's a threat you're going to lose your aaa rating, which means people are not going to want to hold what's been seen previously as ultrasafe bonds. what boosted the markets before that was ben bernanke, who's been appearing on capitol hill and actually said the econo...