Christian Weller and Diana Furchtgott-Roth talked about the implications of Standard and Poor’s downgrade of the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt. They also responded to telephone calls and electronic communications. Topics included the prospects for a “double dip” recession, jobs, Social Security and Medicare, and the housing market.
Lawrence Yun spoke by phone about the impact of the downgrade on the housing market.
C-SPAN Radio’s Nancy Calo read news headlines at the end of the program.