President Obama Deflects Blame for US Credit Downgrade

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After a weekend of silence, President Obama addressed the S&P downgrade and the economy this afternoon from a White House dining room. He said that the US didn't need a rating agency's downgrade to know we need a "balanced, long-term approach to deficit reduction" and an end to gridlock in Washington. He also expressed his sorrow over the loss of 38 US and Afghan soldiers who died when a Chinook helicopter was shot down this weekend in Afghanistan. Ian Katz reports for Bloomberg News.

Credits

Guest:
Ian Katz - Bloomberg News

Host:
Warren Olney

Producers:
Christian Bordal, Darrell Satzman, Karen Radziner