Page 3 - Sean Locklear News Today : Breaking News, Live Updates & Top Stories | Vimarsana

not concerned with anything frozen during the daytime hours. just a lot of rain and temperature falling into the 40s by 4:00 p.m. more details on the forecast in just a minute. >> thank you. checking our top stories, police are warning drivers they might be in for delays today on k street while occupy protesters take their message to will byists actually rally is set to start around 11:00 a.m. and might create delays between 13th and 17th streets along k street. look for traffic on the surrounding streets as well. police say it might be best just to avoid the area altogether if you...

standard & poor's has downgraded the u.s. credit rating for the first time in the history of the ratings. the top treple a rating is now aa-plus. the agency says the downgrade reflect our opinion that the fiscal consolidation plan the that the congress and the administration agreed to falls short to what would be necessary to stabilize the government's medium term debt dynamics. crystal welker joins us now for reaction to this. the administration cannot be happy about this. what are you hearing from them? >> reporter: white house is not commenting just yet and we are just learning no...

past several weeks. s&p released a statement explaining their reason for the downgrade. in part, the downgrade reflects our opinion that the fiscal consolidation plan that congress and the administration recently agreed to falls short of what in our view would be necessary to stabilize the government's medium term debt coulddynamics. and the downgrade announcement came after the markets closed allowing for minor gains in a week marred by the biggest losses since 2008. a positive jobs report yesterday gave investors something to feel good about. the nation added about 117,000 jobs las...

limit deal. the fear was that the economy could face serious damage if our credit rating was lowered. the s&p says it is cutting the aaa rating to a aa plus because the deficit reduction plan passed by congress tuesday did not go far enough to stablize the country's debt situation. the s&p is also saying that it is issuing a negative outlook which means it could lower the rating again in the next few years if it does not see improvement. so what does all of this mean for the economy? let's bring in an expert, rick adelman joins us tonight. good evening. >> how are you, matt? >> good....

does not see improvements. earlier tonight i spoke with rick adelman about this credit down grade. take a look. give us an idea of how this all could hurt our economy, this latest news. >> well, this is a political shock and it's an emotional shock, but it isn't necessarily going to prove to be an economic problem and we need to keep that into perspective. >> it sounds like from the statement, rick, that the and and p just doesn't think congress and the white house can work -- that the s&p just doesn't think congress and the white house can work together in the future to get the econ...