DNC: Ratings Agency Source: Boehner Plan Would Lead to Downgrade of U.S. Debt, Reid Plan Would Preserve AAA Rating

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Jul 26, 2011, 09:29 ET

WASHINGTON, July 26, 2011 /PRNewswire-USNewswire/ -- Today on CNN, Erin Burnett reported that she spoke with an investor who talked directly with the credit ratings agency Standard & Poor's. According to the Standard & Poor's source, John Boehner's debt plan would probably still lead to a downgrade of U.S. debt by the ratings agencies, raising interest rates for all Americans. Harry Reid's plan, however, would preserve America's AAA credit rating.

http://thinkprogress.org/politics/2011/07/25/278929/ratings-agency-source-boehner-plan-TTwould-lead-to-downgrade/

Watch it: http://www.youtube.com/watch?v=2RXNrtUU-TQ&feature=player_embedded

SOURCE Democratic National Committee