Detailed text transcripts for TV channel - FOXNEWS - 20111120:11:08:00
Unfold. no plan to extend the tax cuts and the jobless benefit. if the automatic cuts is altered fear of another credit downgrade. we talked about that last summer. we talked about the debt ceiling debate. moody's of course downgraded us. >> so s&p s&p downgraded us, right? >> moody's. >> moody's. that's right. >> there is discussion that other downgrades could be coming down the pike because the super committee fails. i must admit i'm confused this morning. >> you should be. this is a mess. here is why. i thought that the sequestration the trigger effect was put in there to avoid a downgrade....
Source: news source