Transcripts for CNN The Situation Room 20131015 21:31:00 : c

Transcripts for CNN The Situation Room 20131015 21:31:00

president of the united states. earlier, harry reid on the senate floor, he warned there could actually be a downgrading of the u.s. aaa credit rating by tonight and now fitch has taken action. did it come up in your meeting with the president that he's worried about this? >> every american should be worried about this because it hits them in the pocketbook. what's really tragic is completely avoidable. this was avoidable a week ago when every single democrat said that they would vote for a clean reopening of the government and a clean debt ceiling extension, and it was especially avoidable last night when mitch mcconnell, the republican leader of the senate, and harry reid, the democratic leader, got 95% of the way towards a deal and this morning, the house republican caucus threw a grenade on that deal, which is now blowing up on our economy, middle class families, pensionsretirees. >> you understand what this means. it's a warning, not a downgrading. s&p did downgrade the u.s. in 2011 because of a similar crisis. but it has enormous

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