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I am holly henningburg and we begin with a senior correspondant for fox business in the work. it seemed like a shock. but promise it shouldn't have been because the s&p warned in the debt talks this might happen if there were not more spending cuts. >> absolutely. this is the most del greated downgrade. i have covered them not in the u.s.. but it is unprecedented it is telegraphed and one of the most i have ever seen in the corporate deals in a long time. i don't think the markets will be that upset with this. we'll see. i am not encouraging people to buy s&p futures. but it will be an interes...

More money. >> mike: buy a car dead and don't wait until mond and lock in the rate if you can. >> or spend all of your money. >> mike: i think a lot of people think come monday if they have a home loann it is a 30 fixed it is six percent >> it is locked in. >> unless it is an adjustible rate and there is a time frame. >> there is my caveat. read the fine print. >> mike: how many of the audience read the fine print. >> you should. it is hard to get through. >> mike: a hundred percent of the audience. >> sometimes the fine print said it is based on the usa keeping a triple a rating . two rating ...

Opened their checkbooks to give more to our ever responsible federal government so the fine folks party can bail out our government. i am sure that happened. let's get back, jack. cut the president some slack. his birthday gig might bring the economy back. that is my view. if you have one. go to mikehuckabee.comand click on the fox news feed back . be sure to sign up to follow me on wit twit or join my facebook page. so america's credit went from triple a to double a plus. how does that affect you in your family life. let's ask charlie gas perino. charlie, glad to have you back. >> don't you h...

More money. >> mike: buy a car dead and don't wait until mond and lock in the rate if you can. >> or spend all of your money. >> mike: i think a lot of people think come monday if they have a home loann it is a 30 fixed it is six percent >> it is locked in. >> unless it is an adjustible rate and there is a time frame. >> there is my caveat. read the fine print. >> mike: how many of the audience read the fine print. >> you should. it is hard to get through. >> mike: a hundred percent of the audience. >> sometimes the fine print said it is based on the usa keeping a triple a rating . two rating ...

Investors who buy u.s. bonds will have more risks than if they buy bonds from countries like france . so how many countries have the coveted triple a plus rating. the u.s. shares the double a with belgium and new zealand and slightly lower is abu dabigand kuwait and spain . the u.s. is in the risk of being downgraded in two years. >> lawmakers are weighing in on the credit rating downgrade. republicans are calling for timothy geithner's resignation. >> you are likely to hear a lot about this from capitol hill and we are out of the starting gates and reaction coming in from now. pressure from t...