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Debt Talks

The Brian Lehrer Show

NY Reps Nadler (D) and Grimm (R) on Their Votes

Tuesday, August 02, 2011

US Representative Jerrold Nadler of NY-08 explains his no vote on the debt deal, followed by Congressman Michael Grimm of NY-13, representing Staten Island and parts of Brooklyn, to talk about his yes vote on the deal. 

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The Takeaway

Moody's Mark Zandi: 'We Need to Raise the Debt Ceiling'

Thursday, July 14, 2011

Earlier this morning, credit ratings agency Moody's moved one step closer to downgrading the United States' Aaa rating when it announced the country's credit rating is under review. The move ramps up pressure on the White House and Congress to reach a deal on raising the nation's $14.3 trillion debt limit before August 2.

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The Takeaway

As Debt Talks Falter, Moody's Places U.S. Credit Rating Under Review

Thursday, July 14, 2011

Responding to concerns that lawmakers in Washington will fail to reach an agreement on raising the country's debt threshold, credit ratings agency Moody's placed the U.S.'s credit rating under review for the first time since the federal government shutdown in 1995. The U.S. still risks losing the Aaa rating it has had since 1917, even if lawmakers come to a last minute agreement before the August 2 deadline.

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