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

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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