Jut Downgrade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Geithner testify before us in small business committee and having the opportunity to query him, when you open up thatry french rater door the lights don't come up. -- on. i think he should move on and we should have someone else. >> top comments from congressman allen west, who of course is a member of the republican party. but also, got into office because of the tea party momentum in this country. i can tell you that timothy geithny, treasury secretary, says he will stay on, he told that to the president, that he will stay on to fight against this debt situation, as well as this downgrade. b...

Number three, in europe there, is the mother of all bailouts underway, they're now rescuing the italians and the spaniards, huge bailouts in progress, big movement on the markets. >> let me get to europe. there have been plenty of bailouts as you know. another downgrade possible, what does that mean? >> jut downgrade possible if america does not get its debt in order. it's about the size of our debt relative to the size of the economy. this puts great pressure on this supercongressional committee which is going to have to address entitlement spending in a couple of months' time, puts pressure ...

We do know jay carney will be speaking at 1:30. i can tell you this, we heard from the s&p managing director right on our air on fox news earlier today, john chambers, explaining why s&p did this: >> there were two things that were represented. one was the politics, and although the political settings in the united states are still strong, they are not as strong as we had thought previously compared to other highly rated governments. >> the s&p has shown really terrible judgment and they have shown themselves poorly and show a stunning lack of knowledge about u.s. fiscal budget math and came t...