surprising. all the way back in april, s&p had warned they had put the u.s. on watch, they were looking for a downgrade. in recent weeks, it seemed likelier they were going to do this. it wasn t entirely clear till yesterday when news leaked. okay. now this is just s&p s. we have moody s and fitch s which stayed with the aaa credit rating. exactly. what does that mean? are we only one-third worse off than we were before? the world investors are lending to the united states for historically cheap rates. for ten years, the u.s. can borrow money at 2.47% as of yesterday. the world s investors are not betting that the united states is ever going to default on debt. if you look at what s&p said in its note, they were somewhat criticizing the u.s. fiscal situation and the u.s. political situation. i don t think they were any closer to default. is that traditional? do they weigh in on the
Detailed text transcripts for TV channel - FOXNEWS - 20091012:05:30:15
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Detailed text transcripts for TV channel - FOXNEWS - 20091012:02:30:30
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