Detailed text transcripts for TV channel - MSNBC - 20111101:17:30:00
Were to fail. it's expected that bowles and simpson will essentially say today that failure is not an option, something we've heard a lot here on capitol hill, but specifically suggesting that an type of failure would lead to a huge credit downgrade, possibly, and really could reflect badly on congress and the future of the united states economy. however, moody's, the credit rating agency, did release a report today that said if the super committee would fail to reach that $1.5 trillion target they want to hit, it wouldn't necessarily be grounds for a downgrade, but it did go a step farther s...
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