Standard & Poor's Lowers Its Outlook on US to 'Negative'

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The ratings agency Standard and Poor's is taking a new look at what has been the world's most secure economy. Nearly $14.3 trillion in debt has led to what's called a "negative" outlook on the United States. This morning, that caused a drop is stock prices and a rise on interest rates on US Treasuries. Peter Coy is Economics Editor for Bloomberg BusinessWeek.

Credits

Guest:
Peter Coy - Bloomberg BusinessWeek

Host:
Warren Olney

Producers:
Katie Cooper, Christian Bordal, Karen Radziner