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WMAR ABC World News With Diane Sawyer August 5, 2011



tonight, proof that our moms really can change the world. good evening. diane is on assignment tonight. and we begin this frizz evening with a developopg story. it has never happened before. but as we come on the air tonight, word america s credit could be on the verge of being downgraded. government officials telling abc news, they expect a downgrade, a move to have major ripple effects across this country. our team is standing by tonight. bianna golodryga on what this meansor your credit card, your job, but first, abc s jake tapper at the white house tonight. and you told me the white house has been fighting this, but they are worried this could be coming? reporter: that s absolutely right, david. two government officials tell abc news that the obama administration is preparing for and expecting a downgrade by the ratings agency standard and poors. it would take the aaa rating of u.s. debt and lower it to aa or aa plus. if this halls, if it happens, s&p would cite ....

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