Reaction to Washington’s Turmoil— from Wisconsin to Wall Street

Reaction to Washington’s Turmoil— from Wisconsin to Wall Street

Wisconsin voters, the Federal Reserve and investors weigh in on polarized politics and the nation’s financial challenges.

Wisconsin voters turned out in record numbers yesterday. They recalled two state senators; four held on to their seats. Whether the high turnout was fueled by dissatisfaction with the Governor’s policies or Washington’s gridlock, it captured the attention of the country. In the week since the debt ceiling deal, the U.S. has been in turmoil. The country saw its first ever credit downgrade and witnessed a turbulent stock market. Yesterday afternoon the Federal Reserve reacted to it all by downgrading its assessment of the U.S. economy. We take a look at reaction to Washington’s turmoil -- from Wisconsin to Wall Street.

Guests

Norman Ornstein

resident scholar at the American Enterprise Institute and coauthor of "The Broken Branch: How Congress Is Failing America and How to Get It Back on Track."

Gretchen Morgenson

Pulitzer Prize-winning business reporter and columnist for The New York Times; co-author of the book, “Reckless Endangerment”

Stuart Rothenberg

editor and publisher of the Rothenberg Political Report and a twice a week columnist for Roll Call

James Fallows

national correspondent for the "Atlantic Monthly."

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