Detailed text transcripts for TV channel - CNN - 20110419:10:09:00
To get its fiscal house in order. standard and poor cut its outlook from the u.s. from stable to negative. it has never done that since rating the u.s. since 1941. they're worried the white house and congress are so polarized they won't be able to agree on a plan to cut the deficit. the white house quick to downplay the downgrade, while the same people pointing out s&p also said the american economy is fundamentally strong. >> what the s&p analysis also said was that the american economy is strong, it's growing, it's diversified, it's dynamic, continues to be the most important and most powerf...
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