President Obama to Address Nation's Credit Crisis at 10:30 PT Monday Morning

President Obama to Address Nation's Credit Crisis at 10:30 PT Monday Morning

Published: August 08, 2011 @ 9:59 am
Print this page
By Tim Kenneally

President Obama will address the nation at 10:30 a.m. PT on Monday, following a debt-cieling showdown that was followed by America's first credit downgrade in the nation's history.

The address comes at a crucial time for both the president and the nation; following the 11th-hour debt-ceiling compromise deal, the stock market suffered a precipitous plunge last week, with the Dow closing down more than 500 points on Thursday.

Subsequently, Standard & Poor's downgraded America's credit rating from a perfect AAA, which it had enjoyed since the ratings began more than 100 years ago, to an AA+ rating.

The president is also expected to address the tragic helicopter crash that killed dozens of people, including nearly two dozen Navy SEALS in Afghanistan on Saturday.

Check back for more details on the president's speech as it occurrs.

Tags: Barack Obama, barck obama address, credit downgrade, debt ceiling, debt crisis, President Obama, standard & poor's, stock market crash, Television
Sign Up For First Take

Get Our Daily Email, and Receive Invitations to Our Screenings Series

Start your day with all of the news worth knowing

What's First Take?

Most Popular
Wrap Tweets