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Detailed text transcripts for TV channel - FOXNEWS - 20110806:17:03:00

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one that includes revenues or taxes. >> steve centanni, thanks for that report. >> americans now considered a riskier investment than canada. more than a dozen countries have the rating including france, germany and great britain. america joins new zealand and belgium just a notch above spain. china and japan at aa-. >> billionaire warren buffet is speaking out saying the downgrade doesn't make sense. he says he's not worried about the american economy at all. if there were quadruple a rating he would give the u.s. that. buffet's company berkshire hathaway has 40 billion dollars in short treasury bills he has no plans to sell. he doesn't expect the downgrade to have much effect on the markets monday.

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