U.S. Downgrade Inevitable
Morningstar's Francisco Torralba thinks the United States will lose its AAA credit rating regardless of what Congress does in the coming days.
Jeremy Glaser: For Morningstar, I am Jeremy Glaser. As the debate over the debt ceiling rages ahead of the August 2nd deadline, I am here today with Francisco Torralba. He is the economist at Morningstar Investment Management. We're going to take a look at what the impact of a potential default or downgrade of the United States could be for investors. Francisco, thanks for joining me today.
Francisco Torralba: Thank you for having me today.