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That is a downgrade if you want to look at it that way, but it's just a correction on the $600 billion bond program, but the labor market is improving gradually. as far as the fed goes, there's no change in the inflation and the inflation we're seeing in our gas prices and our food prices are going to be remaining transitory or temporary, also their long-term inflation rate is stable as well. this is going to be interesting when -- because you and i know that when we go to the supermarket or when we go to the gas station, we're paying high prices. it's interesting to see if anyone's going to b...

We were talking about this, this is something that the white house could have done a long time ago, they chose not to. they believe that they had enough information certainly to give the american public convincing case and yes, in fact he was born here. >> we had a lot of our viewers respond this way, they said they were sorry that we had to come to this point in our country, that the president of the united states would have to publicly release his birth certificate. so a lot of people are answering that way, the talk back question, does president obama's move set it will issue? this in ron t...

Going up now, after this news. we do have a sense that we're responding in a way that this is good news for them, despite the fact that we don't still have a sense as to whether he's responding to the inflation concerns? >> actually it doesn't look like there's much of a concern since you and i started talking about six minutes ago, the market really hasn't moved. the news is that investors and traders are really trying to process this statement. we may see the effect here in the market come maybe in about ten to 15 minutes. we'll wait and see and keep an eye on it for you, suzanne. presiden...

Know we're working on a cnn poll to see does it change people's opinion either way? >> for those hardcore people out there who believe that the president was not born in the united states, it will not change their mind, but that's a tiny, tiny sliver of americans. fresh gun fire in libya. a dangerous water rescue in ohio after a teen gets in over his head. and we are waiting for the federal reserve decision on interest rates and chairman ben bernanke's news conference and, plus, a judge's sexuality is questioned in two fascinating legal cases. a congresswoman gabrielle give fords, she's head...

>> i'm confy departme ffident t american people and america's political leaders can come together in a bipartisan way and solve these problems. we always have. but we're not going to be able to do it if we are distracted. we're not going to be able to do it if we spend time vilifying each other. we're not going to be able to do it if we just make stuff up and pretend too thhat facts are not facts. we're not going to be able to solve our problems if we december get distracted by sideshows and can valrnival bar. >> i want to go directly to our john king who will be talking to donald trump for hi...