ahead and do a negative warning a watch for the u.s. triple a credit rating? >> reporter: we do not have reaction to that. of course it's not the same as a downgrade. but they're watching this very carefully. you'll recall, after the downgrade that followed the 2011 negotiations or pardon me, the 2011 downgrade, the monday following that downgrade, americans lost $1 trillion in the stock market. so these are the kind of notices that certainly are something that could lead up to that. there's a lot of concern from the white house and from their point of view it really reenforces that something needs to get done quickly. >> stand by. just a little bit ago that credit rating agency fitch, did put the u.s. on a credit watch. certainly a grim warning of what could happen if that default clock gets down to zero. listen to harry reid.