Page 11 - Keith Cole News Today : Breaking News, Live Updates & Top Stories | Vimarsana

limit deal. the fear was that the economy could face serious damage if our credit rating was lowered. the s&p says it is cutting the aaa rating to a aa plus because the deficit reduction plan passed by congress tuesday did not go far enough to stablize the country s debt situation. the s&p is also saying that it is issuing a negative outlook which means it could lower the rating again in the next few years if it does not see improvement. so what does all of this mean for the economy? let s bring in an expert, rick adelman joins us tonight. good evening. how are you, matt? good. give us an idea of how this all could hurt our economy, this latest news. well, this is a political shock and it s an emotional shock, but it isn t necessarily going to prove to be an economic problem and we need to keep that in perspective. it sounds like from the statement, rick, that the s&p just doesn t think that congress and the white house can work together in the future to get the count

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