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Transcripts For CNNW Your Money 20110724

do. nobody can get the support to get one of those through. do we have to look for just the possible? i think mission number one is to raise the debt ceiling. they cannot get away without doing that. saying they re going to downgrade you. but they left a bit of an out. if you raise the ceiling but give indication you re on the road to getting a deal, we ll keep you on credit watch negative but take you off and affirm your aaa rating if you get it done within a couple of months if we see that possibility. so that s that seems to me to be the fallback plan for congress. weather they take senator mcconnell has put a fallback plan in that neither seems to like to allow the president to raise the debt ceiling a couple of times. politically it would make him look bad. number one mission, raise the debt ceiling. ken, considering how hard this has been, how contentious, has the damage already been done in some extent in the world s view? not yet. number one we have to raise

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