Detailed text transcripts for TV channel - CNN - 20110418:14:07:00
An issuance from s&p which gave a negative outlook on u.s. long-term debt. but that again is an outlook. it didn't actually change the rating. it has affirmed the u.s.'s aaa credit rating. but all this centers on the uncertain political debate we've seen over the last couple of weeks especially over the fiscal problems of the united states. you know that budget wrangling we've been hearing about last week. rising debt. there's no really clear path on how to resolve it. the s&p is concerned that long-term fiscal challenges in the united states are going to go even beyond 2012. in other words, w...
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