Pimco's El-Erian Says S&P May Downgrade U.S. Debt
Aug. 3 (Bloomberg) -- Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., talks about the prospects for a Standard & Poor's downgrade of U.S. government debt.
El-Erian said S&P will downgrade the U.S. if the credit-rating company sticks to what it outlined last month. El-Erian, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the U.S. debt-limit compromise. (This is an excerpt. Source: Bloomberg)