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This credit rating is not in jeopardy today. it's an outlook. what it means is there is a one in three chance it's saying today within two years it will have to downgrade american triple-a rating, which would be a shock to system unlike any we have had. >> bret: right. outside the debt ceiling vote. >> this is not what the s&p forecast is about. it's about what are the prospects of getting control of the debt itself. and the answer is little. the reason is the wednesday speech. me ginning of campaign kick off. that is why the president is out in the country now. that was not a speech about red...

Ed henry, i want to talk real quickly about the debt. we have this s&p forecast for the u.s. now downgraded. we're not looking. they're a little worried the u.s. is not going to pay its debts. i'm wondering if the president has any plans to go out and explain to the american people what's at stake here, because i'm not entirely clear that either party has done a good job explaining to folks what's at stake? >> well, i think you're right, candy, that's why one speech that the president gave last week at george washington university received well by some is not going to cut it. they realize that...

This credit rating is not in jeopardy today. it's an outlook. what it means is there is a one in three chance it's saying today within two years it will have to downgrade american triple-a rating, which would be a shock to system unlike any we have had. >> bret: right. outside the debt ceiling vote. >> this is not what the s&p forecast is about. it's about what are the prospects of getting control of the debt itself. and the answer is little. the reason is the wednesday speech. me ginning of campaign kick off. that is why the president is out in the country now. that was not a speech about red...