90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Monday, August 8, 2011

Markets Tumble Worldwide, Obama Reacts To S&P Downgrade

President Barack Obama speaking in the State Dining Room of the White House in Washington. (AP)

President Barack Obama speaking in the State Dining Room of the White House in Washington. (AP)

With every major stock index in Europe and the U.S. down at midday, President Obama went on air Monday to assure the world that financial markets around the world “still believe our credit is triple-A, and the world’s investors agree.”

The president was referring to the fact that as investors fled stock markets, they were eagerly buying up U.S. debt bonds, despite the downgrade by the credit rating agency Standard & Poor’s.

“We didn’t need a rating agency to tell us we need a balanced, long-term approach to deficit reduction,” Obama said and said he would soon outline priorities for the bipartisan congressional committee looking for a debt reduction plan.

Guest:

  • Rick Klein, senior Washington editor for ABC World News and host of “Top Line”

Please follow our community rules when engaging in comment discussion on this site.
Spotlight

Here & Now resident chef and cookbook author Kathy Gunst shares her list of the best cookbooks of the year.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

December 18 Comment

College Counselor: ‘A Deferral Is Not A Denial’

Lisa Micele shares tips for applying to college — especially for students who have been deferred under early decision.

December 18 15 Comments

America’s Political Dynasties

Americans under 38 have only experienced one presidential election that did not involve a Bush or a Clinton.

December 17 2 Comments

Atticus Lish’s ‘Preparation For The Next Life’

The author's debut novel centers on an unlikely romance between an Iraq veteran and a Uyghur from China.

December 17 3 Comments

Diagnosing Ear Infections With Your Smartphone

The CellScope Oto is a clip-on gadget that turns a smartphone into an otoscope — the tool doctors use to check out a patient's eardrum.