possibly downgrade us even a notch further, down to aa status. right now only one other country has a double a plus and triple a from moody s and that is new zealand. the issue is also what s royaling the markets is the potential that s & p again could pursue a downgrade, possibly of the other triple a countries that are still out there, certainly in the euro zone. that s essentially what we re hearing is why the central bankers in europe are meeting, because they are expressing reported concern over what s & p s next move will be. rick: all this talk about aa and aaaa. i wish we were talking about baseball. a lot more fun. thanks so much. the s & p had a sovereign rating. david beers has been warning of the credit downgrade for months and he will be chris wallace s guest on sunday. heather: the economy also the
on finance and is one of the top men in leadership, senator schumer, nice to have you. good morning, chuck. let me start with what appears to be that we learned from congresswoman emerson that what boehner is going to do to change his plan a little bit is he s going to keep the cuts the same because they re so similar to what you guys are offering in the senate and just lower the first round of asks for the debt ceiling request. it s less acceptable, i think most people including the markets because the biggest problem with the boehner plan, there are several that it s so short-term, that as soon as we raise the debt ceiling we ll be back at it fighting again, royaling the markets, risking downgrade. standard and poors has said with the small amount of rise in the debt ceiling that boehner propo proposes, we risk we ought to
men in leadership, senator schumer, nice to have you. good morning, chuck. let me start with what appears to be that we learned from congresswoman emerson that what boehner is going to do to change his plan a little bit is he s going to keep the cuts the same because they re so similar to what you guys are offering in the senate and just lower the first round of asks for the debt ceiling request. it s less acceptable, i think most people including the markets because the biggest problem with the boehner plan, there are several that it s so short-term, that as soon as we raise the debt ceiling we ll be back at it fighting again, royaling the markets, risking downgrade. standard and poors has said with the small amount of rise in the debt ceiling that boehner propo proposes, we risk we ought to just scrap the boehner plan,