Detailed text transcripts for TV channel - FOXNEWS - 20120114:09:19:00
Being blamed. the dow lost 49 today. the s&p 500 dropped 6. nasdaq fell 14. late this afternoon, the standard & poor's rating agency downgraded the government debt of france, austria, italy and spain by one notch. fox business news senior washington correspondent peter barnes is here to tell us what this means. >> good evening. a sweeping downgrade of the debt of nine of the 16 countries that share the euro as a currency. s&p blasted them for not doing enough to attack their debt problems. the action could increase their borrowing costs making it harder for the euro zone to fix the debt crisis...