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Detailed text transcripts for TV channel - FOXNEWS - 20110802:22:01:00

Street and breaking news. good evening. on the day that congress resolve the did creteing, the markets fell again. the eighth down day in a row for the dow jones/industrials average. the longest losing streak since october of 2008. on continuing concerns the u.s. economy is slowing. government report released this morning showed consumer spending dropped for the first time in two years. that along with a stream of recent lackluster and poor economic reports have led the markets downward this summer. it appears that investors are looking beyond the debt debate to key jobs reports tomorrow, thursday and friday. analysts expect report to show weak hiring and more evidence of a sluggish economy. bret: rich, focus on the credit rating possibility of a downgrade. moody s has just come out with a pretty detailed writeup. what do we know about it? it has. the top rating agency moody s in the last 15 minutes confirmed the u.s. will keep the top-notch triple-a rating for now. however, the ....

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