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America's credit rating at risk as Moody's threatens downgrade if lawmakers don't strike a debt deal
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First and urgent warnings and it is about our nation's debt as if the threat of -- -- of the fiscal -- isn't bad enough.
It now gets worse Moody's is threatening to downgrade the US debt rating if congress does not reach a budget -- Rudy says it will likely cut its triple A rated -- US government debt by one notch so congress -- so can congress strike a deal.
And avoid this downgrade sent Johnson is on the budget finance committee and he joins us nice to see -- -- nice is you -- I'm self.
-- says -- and do this unless you do something right.
What's the latest warning that we've gotten obviously this is not the first time that we've been warned this is the most predictable crisis that we've ever had.
We know exactly.
How serious the situation is the debt just crossed the sixteen trillion dollar mark.
And we are facing this fiscal cliff come the first of next year less than four months from now.
At which time the Congressional Budget Office -- said if congress doesn't act.
That it could plunges into a recession likely will -- into recession -- could have unemployment above 9% before the end of next year.
Couldn't the president and --
