MORNING VIDEOS: Schakowsky: Outlook for supercommittee ‘pretty grim’

Priebus, the RNC chairman, said he thinks Geithner should leave his post because of his role in overseeing President Obama’s harmful economic policies.

He also slammed Geithner for saying the U.S. would not lose its AAA credit rating.

“I think he’s [Geithner] lost the confidence of the financial world in this country, and I think the president obviously lost the confidence of the voters, but we can’t get rid of Barack Obama,” said Priebus.

Schakowsky said the outlook for the soon-to-be-formed debt supercommittee is “pretty grim.”

When asked if a bipartisan agreement could be reached that included spending cuts without tax reform, she said “there is no way.”

The Illinois Democrat blamed Republicans for not compromising on raising revenues.

Trump attacked the S&P calling them publicity hungry and “losers.”

“You just look at their calls on Lehman, look at their calls on housing, mortgages and mortgage-backed securities, they’re disgraceful,” said the real estate mogul. 

But he also told Fox News that while the S&P should not have downgraded the U.S., the credit rater had a reason for its judgment. Trump said the federal government was dysfunctional, and criticized Obama for “not having a clue.”

He praised the Tea Party, however, saying he is proud of the movement for forcing people to focus on fiscal issues.

Watch the full interview here. 

Zandi of Moody’s Analytics said he expects the stock market to turn around, given the economy’s fundamentals.

He said the Fed has options to help the economy, such as easing monetary policy, making clear it will not raise rates or by implementing quantitative-easing policy.

Zandi predicts the Federal Reserve will announce one or more of these options today.