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Nice long break for the holiday. both of them are slated to take a week off around christmas, and then probably another week around new year s. when you add it all up, there s only a few legislative days of work time before congress, washington, and the country will be facing yet another debt crisis and immediately after that a government shutdown crisis and then a debt crisis right afterwards. simple fact, congress has been so gridlocked for so long that the work has been piling up for years. they now think they can cram it out in the next few months. it s more than ambitious and probably impossible, meaning next year s midterm election campaigns will be all about washington. outsiders, campaigning against gridlocked washington insiders with obama care. as susan was saying, the back drop to most of it. that s going to be fascinating to watch. carl cameron, thank you very much. you bet. and while it is, of course, no day off for our troops overseas, u.s. soldiers at nato headquar ....
Percent lower growth means in terms of job creation. right. you hear half a percent, that doesn t say, well, it s not even a full percent. but remember, if the economy s growing 2%, that s kind of the threshold that if you re growing faster than 2%, unemployment s coming down. if you re growing slower than 2%, unemployment s likely going back up. we ve been lovering right around 2%. so what they re talking about, this downgrade for the second half of the year when you combine it with what a meezally first half of the year we had, that could mean the difference between unemployment starting to inch back up again. so that would not be fun. a lot of economists and ceo types i ve spoken with over the past few days, they re worried we ve only kicked the can down the road till january or february. you could have another debt ceiling crisis in february. could you have another government shutdown crisis in january. and that deters folks from going out there, investing money, ....
Transcripts for CNN Erin Burnett OutFront 20131017 06:32:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Quite a while. if the problems that, you know, th gop used a lot of political capital to try to you know, on the government shutdown crisis on an issue that they say, look, there s so many problems with it, that everybody s going to be against this. and if they re right about that, you know, my view would be and, obviously, two people in alaska if that report s true is that kind of a problem, then by november 2014 this will be wrapped around the democratic party s neck and obama s neck, and they ll have those wins in the senate and in the house that they need to actually be able to do something to stop the law. jon: so if you were, if you were i m sorry. jon: if you were a gop political adviser instead of a democratic political adviser, you would have suggested that they ignore the shutdown, you know, lift the debt ceiling and just let obamacare be an albatross for ....
In the situation room. only moments ago, fitch placed the united states aaa credit rating on a negative watch list. this is a significant development. they have not yet downgraded the u.s. aaa credit rating as s&p did in 2011 during this last government shutdown crisis, but fitch is now saying that because of what s going on, the u.s. now has a rating watch negative. that s a technical term. hasn t yet downgraded from aaa but this will no doubt put enormous political pressure on members of congress to go ahead and make a deal, extend the nation s debt ceiling, get the government fully operational. let s discuss what s going on with our chief political analyst, gloria borger and our cnn political commentator, ryan lizza, the washington correspondent for the new yorker magazine. gloria, this is a big deal. moody s hasn t done it yet. there are three major financial ratings services, s&p, fitch and moody s. moody s hasn t done anything ....