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Greenspan: Debt Fight is ‘Shock to the System’

Alan Greenspan tells CBS News Congress is jeopardizing trust in the American economy, and in the U.S. dollar.


Drummers from Howard University's Marching Band perform during the National Urban League's "Drum Majors for Justice Future Leaders Celebration" commemorating the 50th Anniversary of the March on Washington at Freedom Plaza in Washington, D.C. on Aug. 23, 2013. (credit: SAUL LOEB/AFP/Getty Images)

Howard University’s Credit Rating Downgraded

Moody’s Investors Service has downgraded Howard University’s credit rating, citing revenue declines at the historically black college and automatic federal budget cuts from Congress.



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