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Jeanne S Sahadi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CNNW Your Money July 23, 2011

jeanne, first question, is it time to simply say, let s go for the possible in washington? everybody has grand ideas about what they want to do. nobody, nobody can get the support to get one of those through. do we have to look for just the possible? i think the mission of everyone in congress is to absolutely raise the debt ceiling. they cannot get away without doing that. the s&p has been the strongest credit rating agency. they said, we re going to downgrade you if you don t come up with a plan. but they say f you raise the ceiling but give us indication that you re on the road to getting agreement on the deal, we ll keep you on credit watch negative but we ll affirm your aaa rating if you get it done within a couple of months, if we see that possibility. that seems to me to be the fallback plan for congress. whether they take senator mcconnell s plan, neither the republicans or the democrats seem to like it. it would allow the president to raise the debt ceiling a numbe

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