Sunday at 9AM & NOON ET

August 7th, 2011
01:22 PM ET

Forbes: S&P downgrade is 'outrageous'

Republican Steve Forbes and Democrat Larry Summers both slammed S&P's decision to downgrade the U.S. credit rating.
Forbes: "Well, I think in a narrow sense, it is a political move, and I think it's really - it'll sound strange for me to say it, an outrageous move. ... In a larger sense about the economy, I think the U.S. economy is in a perilous state. This recovery has been the worst from a severe recession since the Great Depression, but I am surprised S&P would play politics."


Filed under: Economy • Larry Summers • Newsmakers • State of the Union • Steve Forbes
This Sunday on State of the Union...
August 5th, 2011
02:41 PM ET

This Sunday on State of the Union...

With a plunging stock market and woeful unemployment numbers, are we heading toward a double dip recession? Where does the economy go from here? We’ll ask Steve Forbes, the CEO of Forbes Incorporated and Pres. Obama’s former top economic adviser, Larry Summers.

Then, Candy sits down with California Gov. Jerry Brown in his first national interview since his election last year. He says he’s “alarmed” at the state of the country. What is he doing to turn things around in California, and what does he think President Obama should be doing for the country?

We’ll also break down the last minute deal to avert a fiscal crisis and raise the country’s debt ceiling. Which side—if any—came out ahead, and where do things go from here? The so-called “super committee” of members from both bodies of Congress will have less than three months to reach a compromise. Is that possible? We’ll ask former White House communications director Anita Dunn and former Republican congressman Tom Davis.

And finally, we’ll discuss the brutal violence taking place inside Syria and alleged cyber attacks emanating from China with Vice Adm. Mike McConnell, former director of national intelligence.

And check out our pre-show rundown here.

Contributors