CNN The Situation Room October 15, 2013 21:28:00
Let's get to more on the breaking news we're following right now. the credit rating agency fitch, fitch has just put the united states on a rating watch negative. that's a warning, not a downgrade from the aaa rating yet, but it's a serious warning and it could be a major foreshadowing of much more serious action if, if that default clock gets down to zero. cnn's richard quest is joining us from new york right now. in 2011, s&p actually downgraded the u.s. credit rating from that aaa status, now fitch is warning it could do so. moody's has not yet acted. these are serious warning signs that co...