Stay updated with breaking news from Down to aa. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
earlier today that the u.s. credit rating could go from aa plus down to aa in at least six months time if the u.s. has not come up with at least $4 trillion in total package of cuts. s & p's john chambers has already told investors on a conference call that we listened to last week that the reason why they put the country at a fast track for a downgrade was because of the acountry moanious fighting going on that the u.s. government could come up with the $4 trillion plus in cuts. he said at that time the $4 trillion was at least a down payment. so this puts the onus on that new 12-member bipartisan committee to come up with the additional cuts by november. and so this is what s & p is watching. the further downgrade could come between at least six months or 24 months span of time. back to you. >> arthel: liz, the s & p, they're watching what's going on with this new committee, this new commission. however, the folks watching