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Dominican republic people here are taking no chances preparing for it but hoping to escape the worst of the storm. you're watching dear the new still to come however try to stop dortmund in midweek when this league action stay tuned to find out how they handled that toll tax. now china is asia's powerhouse economically at least at the parent li losing some of its steam yeah not us powerful anymore it seems to me ratings agencies standard and poor's just announced it is slashing of china's credit rating warning that a prolonged period of debt growth had raised economic and financial risks s. an...

What is your response to what he was saying. >> i agree with him. in 1979 when the printing presses went down for a while we saw the basis point go up and it cost us money down the run. there was a technical default in 1979. let's look at happened in japan this january, they went from a double a rating to a double a minus and that sent ripple affects through the financial markets that got the yen to go down and at the same time interest rates went up, so that could be a possibility also for the united states. martha: just a couple of months ago if i understand you directly, you were against ra...

>> i agree with him. in 1979 when the printing presses went down for a while we saw the basis point go up and it cost us money down the run. there was a technical default in 1979. let's look at happened in japan this january, they went from a double a rating to a double a minus and that sent ripple affects through the financial markets that got the yen to go down and at the same time interest rates went up, so that could be a possibility also for the united states. martha: just a couple of months ago if i understand you directly, you were against raising the debt ceiling. what changed your min...