Meet the Press NOW — May 25
Meet the Press
00:00
The Upgrade of the U.S. Credit Rating
John Chambers, who served as head of Sovereign Ratings for S&P when it downgraded the U.S. credit rating in 2011: "We are confronting the same problems we have now" He says a default or sequestration would be like 'Lehman on steroids' The downgrade was motivated by two factors; one was very divisive political environment and second was fiscal trajectory.
Play episode from 11:15
Transcript
