MSNBC Katy Tur Reports June 4, 2024 19:17:00
Back in 2011 when s&p downgraded the u.s. credit rating then. the stock market fell 7% across the board and negotiators got their act together quickly when they saw that people were not happy about their 401(k)s dropping. the market reaction to this warning is milk toast, but it's still a warning. this is fitch saying to lawmakers, essentially what janet yellen has been saying, you have to pay your bills, if you don't pay social security or veterans benefits, if you could be considered in a technical default, we will downgrade you. >> garrett, how likely are we to get a deal this weekend? if w...