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S&P Downgrades U.S. Debt Rating

  • Broadcast in Current Events
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This LIVE, two hour segment of On the Money with Peter Hebert focuses on Standard & Poor's down grade of U.S. debt from AAA to AA+ along with the implications. Should U.S. Treasury Secretary Timothy Geithner be asked to resign? Under his watch, U.S. debt issuances for the first time has suffered an impairment in perceived risk. Mr. Geithner, moreover, is the trustee and fiduciary of Social Security, which Americans have funded, and he proposed cutting Social Security to help balance the budget. Special pre-recorded guest appearances with economists David Olson of the U.S. and Simon Dixon of the U.K. Call in lines will be open. 

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