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US Default vs. Downgrade: Analyst

Wed 27 Jul 11 | 05:00 AM ET
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US Default vs. Downgrade: Analyst

Wed 27 Jul 11 | 05:00 AM ET
"In terms of where we are now, I would still agree with everybody else that it's unlikely that we get to a technical default," John Authers, head of the Lex Column at Financial Times told CNBC. "But it seems to me more than 50 percent likely that we will get a downgrade (of the United States' credit rating)," he added.
 
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