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Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Rates they were at during the clinton administration. and let's be clear, the framework that the president has put on the table says he will do $3 in cuts for every $1 in revenue generated through closing the loopholes or doing going to the high-end taxpayers. in fact in the very short term he's proposed a payroll tax holiday which would provide extended middle class tax relief as we try to get the economy back on its feet. >> we talk about the economy, but there are people like michele bachmann accusing the president and accusing democrats of using scare tactics or warning that the nation is ...

Expect reverb rations. s&p in a statement today put the blame squarely on congress and the president saying that they basically have little confidence that the white house and congress can agree to any kind of deficit, reduction plan before 2012. that's why they've lowered that long term outlook. stewart varney joins me now. when we saw this cross the wires this morning, this is the nation that is supposed to have the best debt rating and best long term outlook in the world. >> let me put this in plain english for you, very simple language. for decades the united states has been the gold stand...