nick perna, to you first. what exactly is standard and poors saying with this anoujs ment and what are they basing it on? >> what they've looked at is the level and prospect of growth of u.s. deficits and indebtedness and it gives them cause for concern. they said that it puts the u.s. in a position where it is not nearly as credit worthy as other sovereign nations that have triple-a or pristine credit ratings so by firing the shot across our bowl giving us a warning they said there's some probability as high as perhaps 2 and 3 over the next two years that u.s. credit rating could be downgraded from triple-a. >> woodruff: what are they basing it on? we notice that the other major ratings agency moody's i guess has drawn a somewhat different conclusion. now they recently said they've looked at what's going on and they think the country may be headed in the right direction when it comes to dealing with its credit issues. >> i think first of all it's different than having a difference of opinion about general ele