joining us this morning is keith hall, the former director of the congressional budget office from 2019, let us begin with defining a credit rating. what is it and why does it matter? guest: it is not unlike the credit rating all of us individually have. it is credit services that are looking at debt. the federal government has been outspending revenues and making up for that by borrowing. they are evaluating the credit worthiness of the federal government. according to fitch, we always had a aaa highest rating and they have lowered it to a aa+, which is an indication they are a little less pertinent in the u.s. ability to constantly repay the debt. fitch is one of the big three credit agencies. all three have credit ratings on the u.s. government. s&p lowered their rating in 2011, so now two out of three credit agencies have lowered the rating because of federal debt. this is an indication they believe the risk of default is not high, but has gone up a bit because of the size of the debt, the continued borrowing, the political troubles and coming to agreements on spending. they are all

host: keith hall is our guest this morning, he was the head of the congressional until 2019, he was theef economist of the u.s. international trade commission before that. the 13th commissioner of the bureau of labor statistics. from 2005 to 2008, he served as the chief economist for the george w. bush administration. ron in michigan, independent. good morning. caller: good morning. i am 83 years old, obviously collecting social security so on and so forth. i would like to have you go through a scenario as to what with the social security be like within seven to 10 years, that would put me around 90, 91. the thing we're looking at his god gives and takes away, it seems they're playing their own game. i would like to see people like you stay in office forever. you have a handle on the economy to some degree and the budget, and you perhaps have a better handle to tell these people what they are doing wrong and what they should be doing right. if you could give me an idea -- right now in my social security, i pay more in taxes on social security than i do in state retirement. by quite a bi

one of the men missing that night was cleator moor man keith hunter, whose body has never been found. fenced in beside the town hallmemorial to keith and four others, a poignant place for one of his sons, wayne. it's like a headstone to us — obviously we never retrieved our dad. so i go at least once a year. i definitely missed the father in my life. you have no—one to turn to. a troubled adolescence, wayne tried to bury the memories of what had happened. butjust last year, a meeting with norwegian relatives of victims kindled a sense that he had to try to find justice, however painful. many sleepless nights, and i'm still having sleepless nights now. it's just wrong in so many ways of how there was no follow up with with families. the sea king helicopter from raf boomer in northumberland - was the first to be called just 40 minutes after the accident. - despite a rescue operation, including the raf, only 89 men survived. it's a tragedy that has echoed down through the generations. that experience of trauma is all too familiar for the man who's organised families to come together to fight for the full truth. there

one of the men missing that night was cleator moor man keith hunter, whose body has never been found. fenced in beside the town hall memorial to keith and four others, a poignant place for one of his sons, wayne. it's like a headstone that was — obviously we never retrieved our dad. so i go at least once a year. i definitely missed the father in my life. you have no—one to turn to. a troubled adolescence, wayne tried to bury the memories of what had happened. butjust last year, a meeting with norwegian relatives of victims kindled a sense that he had to try to find justice, however painful. many sleepless nights, and i'm still having sleepless nights now. it's just wrong in so many ways of how there was no follow up with with families. the sea king helicopterfrom raf boomer in northumberland was the first to be called just a0 minutes after the accident. despite a rescue operation, including the raf, only 89 men survived. it's a tragedy that has echoed down through the generations. that experience of trauma is all too familiar for the man who's organised families to come together to fight for the full truth. there w

one of the men missing that night was cleator moor man keith hunter, whose body has never been found. fenced in beside the town hallwayne. it's like a headstone that was obviously we never retrieved our dad. so i go at least once a year. i definitely miss the father in my life. you have no—one to turn to. a troubled adolescence, wayne tried to bury the memories of what had happened. butjust last year, a meeting with norwegian relatives of keelin victims kindled a sense that he had to try to find justice, however painful. many sleepless nights, and i'm still having sleepless nights now. it's just wrong in so many ways of how there was no follow up with with families. the sea king helicopterfrom raf boomer in northumberland was the first to be called just 110 minutes after the accident. despite a rescue operation, including the raf, only 89 men survived. it's a tragedy that has echoed down through the generations. that experience of trauma is all too familiar for the man who's organised families to come together to fight for the full truth. there was a study made in 2005 showing that 37% of the survivors still suffer

keith richards, jimmy page, eric clapton and jimi hendrix. ♪. >> that is skill. the legendary blues musician is an eight-time grammy winner and rock and roll hall of famer and justrated his 87th birthday and now he's on his farewell tour. you don't want to miss this weekend's show. another legend is in the house this weekend, the bay area's own taj mahal will be at sf jazz, the music venue in hays valley. we caught up with him and his band at their sound check. the four time grammy award winner is playing all the songs off his new recorded which was recorded in oakland and inspired by some very important people in his life. >> this new album we have out called "savoy" which is an ode to my parents who met at the savoy balance ballroom, which is the home of happy feet. >> the concert is sold out, but we hear sf jazz might release a few extra tickets, so don't give up and keep checking. hopefully you reserved tickets to see buddy guy at stern grove this weekend, sunday, august 6th. if not, don't worry. you can watch on kbcw or stream on cbs news bay area. >>> we have talked a lot about driverless cars on this show in particular. what >>> going out on a boat is sup

one of the men missing that night was cleator moor man keith hunter, whose body has never been found. fenced in beside the town hallast once a year. i definitely missed the father in my life. you have no—one to turn to. a troubled adolescence, wayne tried to bury the memories of what had happened. butjust last year, a meeting with norwegian relatives of keelin victims kindled a sense that he had to try to find justice, however painful. many sleepless nights, and i'm still having sleepless nights now. it's just wrong in so many ways of how there was no follow up with with families. the sea king helicopterfrom raf boomer in northumberland was the first to be called just a0 minutes after the accident. despite a rescue operation, including the raf, only 89 men survived. it's a tragedy that has echoed down through the generations. that experience of trauma is all too familiar for the man who's organised families to come together to fight for the full truth. there was a study made in 2005 showing that 37% of the survivors still suffered from severe psychological damages. fighting for facts is a very important element in