Page 2 - Interest Race News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Security and tax cuts, unemployment, insurance extension would take some of that away. and the fact of the matter is that the debt limit from a market perspective is a much bigger deal. if we get, you know, six weeks from now to a point where it looks like we might go over again, we don't have a deal, the markets are going to react more than they are now. on the fiscal cliff they think this is going to find someone out. it gets done. the debt limit, if we go over it, we get downgraded again. it's unthinkable. it's not completely unthinkable that we could. markets tanks. interest race go way up...

More importantly it was not strong enough for the fed to back off stimulus programs keeping interest race very low for a long time and into the economy. at its meeting next month it is expected to reaffirm those policies. continue them. shep? >> shepard: peter barnes there at the firehouse. peter, thanks. president obama and governor romney are set to meet for a little lunch at the white house tomorrow. of course, the last time they were face to face was during the debates at the height of the presidential race. things were a little different back then. the white house says president obama is ...

Prices are going to be. what interest race are going to be what the stock market is going to be. they can't. human beings are not given the gift of telling the future. we can buy broad indexes of stocks and hold on for deer life over long periods of time. but human beings are not given the gift of foresight. >> human beings predicted that apple stock would plummet now it's up near $700. >> human beings predicted the dow would be at 36,015 years ago. it's nowhere near that. >> read the book how to really ruin your financial life and portfolio if you want to get great advice. ben stein thank you...

22 other cities have been downgraded by at least one credit agency and that list will grow. listen. >> this is just a spiraling effect because as their financials get worse, moodies will keep downgrading them and keep seeing interest race go higher and higher. eventually again you are at a point you are out of money and have to claim bankruptcy. >> moody's will begin adjusting their ratings sometime late summer, early fall. shep? >> shepard: trace gallagher in los angeles. thanks. the dow closed down for the sixth straight session this afternoon as investors worried about the ongoing debt cris...

Latest updates on this topic from reliable sources.