You're watching...
FBN’s Diane Macedo with news that the U.S. credit rating has been cut to AA by Egan Jones, plus Yahoo’s CEO calling for a meeting to discuss the c...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Let's get our news roundup and they -- -- have some more business headlines for you Diane.
Hey day in -- the US's credit rating has been downgraded once again this time by Egan Jones the ratings firm cut the US one notch to double -- over concerns of public debt and its impact -- the country's financial standing Egan Jones says the US debt -- percentage of DG GDP may climb above 112%.
By the end of next year.
And it's about a 1% chance the country could default in the next year.
This comes after S&P downgraded the US to double -- in August Moody's and Fitch have kept their AAA ratings but all four firms.
Have a negative outlook for US debt meanwhile Yahoo! CEO has called for an all hands on deck meeting next week to discuss his turnaround strategy.
After cutting 2000 jobs Wednesday during -- meeting Scott Thompson is expected to focus on the company's three main businesses.
That's core media and communications.
Platforms and data.
He says so share more details about that plan with Wall Street on April 17 when the company's first quarter results are due.
This all comes amid a proxy fight with one of Yahoo!'s largest investors.
The hedge fund third point which has challenged the company for making the job cuts before outlining that strategy game thank you so much diet for.
