Page 2 - Doesnt Default News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Look, they were right. because we're on the precipice of it right now. >> it's a good thing they did this, and they always do this after the markets close at 4:00 p.m. eastern. the markets were already down today under gloomy news coming out of washington, but if they would have done this even earlier, there would have been a significant collapse. a lot of investors are hoping that between now and the reopening of the markets, there's good news coming out of washington. >> as we sit here, john boehner is -- house speaker john boehner is discovering that he has less control over his caucus than...

Cross fear stafire starts right. shutdown in the house. >> i have made clear for months and months that the idea of default is wrong. we shouldn't get anywhere close to that. >> so why are we getting closer? >> it is by design. that is their intention. make no mistake about that. >> on the left, stephanie cutter. on the right, newt gingrich, in the crossfire. donna edwards, democratic representative from maryland. and steve king, republican representative from iowa. will washington beat the default deadline? tonight on crossfire. welcome to crossfire. i'm stephanie cutter on the left. >> i...

We begin with breaking news right now. the credit rating agency fitch, fitch has placed the united states aaa long-term foreign and local currency default ratings right now in what they call rating watch negative. the ratings of all outstanding u.s. sovereign debt securities have also been placed on that status along with u.s. short-term foreign currency rating procedures. this is a serious development right now. in 31 hours from now, this country could actually start defaulting on its debt, sending shock waves around the world. a senate deal to reopen the government temporarily and raise the ...

Significant demand that the house republicans, if it stays in that legislation. >> if it stays in. >> would any president accept that? >> historically, the way you negotiate is you start with two sides and you try to come together. you don't start with one side -- >> but they have come together in the senate. what's wrong with that? >> i think the senate bill frankly is pretty weak. >> but if it's good enough for mitch mcconnell and all these republicans in the senate, why isn't it -- in order to avoid default? >> first of all, you don't know beyond mitch mcconnell how many republicans it's go...

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...