Will The U.S. Lose Its AAA Credit Rating?

Congressional negotiators failed to reach an agreement over the weekend to raise the debt ceiling and avoid potential default. Lawmakers have returned to their corners. House speaker John Boehner plans to meet with House Republicans today. Boehner says he will unveil a debt limit plan by 2 p.m. today. Senate Majority Leader Harry Reid of Nevada says he's also crafting a bill. 8 days remain before the Aug. 2nd deadline to come up with a deal. There has been no market panic yet, but President Obama and congressional leaders want to reassure global markets that the country will be able to meet its obligations after Aug. 2nd. They've set today as a deadline to show the markets a plan. A default could lead to the U.S. losing its Triple-A credit rating, the highest possible.