With the latest federal debt crisis over for now, what does the U.S. need to do to get back its AAA credit rating from Standard & Poor's?
The short answer: Start by stopping the "brinkmanship," S&P lead analyst on U.S. sovereign ratings Marie Cavanaugh told CNBC Thursday—hours after President Barack Obama signed the last-minute congressional deal to extend debt ceiling until Feb. 7 and reopen the government by approving funding until Jan. 15.
"The president has a chance to be downright Clintonesque here," said Chuck Gabriel, managing director at Capital Alpha Partners, a research and policy advisory firm. "He has Republicans right where he wants them. He has all the leverage."
U.S. stock index futures were lower in pre-market trading Thursday, after a strong rally Wednesday on indications that a deal would get done.
Going forward, House Speaker John Boehner has named a slate of negotiators led by Budget Committee Chairman Paul Ryan to craft a budget that "addresses the drivers of our national debt and deficits, and helps strengthen our economy and create new jobs."
"Democrats looking at this new budget committee might be satisfied with just a couple of years of partial relief on the sequester and forget about a Grand Bargain," Gabriel said in a "Squawk Box" interview.