MacGuineas Says U.S. Needed Downgrade to Spur Cuts

MacGuineas Says U.S. Needed Downgrade to Spur Cuts

Aug. 8, 2011
Aug. 8 (Bloomberg) -- Maya MacGuineas, president of the Committee for a Responsible Federal Budget, discusses Standard and Poor's downgrade of the U.S. debt rating to AA+ from AAA and the prospects for a new congressional committee that will be charged with forming a budget plan. MacGuineas, speaking with Mark Crumpton on Bloomberg Television's "Bottom Line," also talks about President Barack Obama's speech to the nation on the downgrade. (Source: Bloomberg)
Bloomberg
Correction: Clarification: