Politicians regularly come to washington promising fiscal responsibility. Since Congress Passed the bca with overwhelming bipartisan , washington has actually reduced the level of Government Spending for two years running. The bca savings are such a big deal that the president inpaigned on it endlessly 2012. He bragged about the bipartisan. Uts he told audiences from california to baltimore that he signed 2 trillion in spending cuts into law. Like to say these days, elections matter and the president explicitly stated that he put these on the back of the bipartisan spending cuts. Fromet the exit polls november. Two thirds said raising taxes to cut the deficit was a nonstarter. Whiched to obamacare, more voters said they wanted to repeal, the levels of support are striking. If our friends on the other side contradict keep obamacare contradicted by the then have to called the mandate for reducing the size of government day superman date a super mandate. This would increase the debt and i
I believe we should not at this time add additional sanctions. We should fully keep those sanctions in place. That is how my believe, the main reason why iran is where they are out because those sanctions have had an impact. My committee, the Armed Services committee, has been very much involved putting those sanctions in place. Alas National Defense authorization act had the last tranche in that bill. Im not one who has any sense at all and opposed to sanctions. As opposed, i am very for it. If we respond to this possibility in a negative way instead of being study and keeping sanctions in place, if we tighten the screws now when it looks as though, apparently against some opposition at home and in iran, that the iranian leadership may be willing to talk about ending, modifying, changing and making less threatening their nuclear program, and to response is negative, they could very well lose the very countries, particularly russia and china, who have stood with us to put sanctions in
And met with president karzai. Today, the Senate Armed Services Committee Chairman about improvements in the country as the u. S. And prepare to remove troops from afghanistan in 2014. From the council on foreign relations. Is an hour. Welcome to the foreign relations. Im johnathan karl. A high honor to be here with levin. Introduction. S no interduck carl levin is the chairman of the Senate Armed Services from the great state of michigan and of special interest to me, just back from a trip to afghanistan where he commanders over there and also had a one on one president karzai. Im eager to hear about that and senator levin has some tomarks about the trip afghanistan and then we will have a conversation. Levin . R well, thank you, jon. We appreciate the invitation to join you this morning and look forward to that conversation as well. Just here to share my ideas but hopefully to receive ideas that we all need in this kind of a world that we live in. Mentioned, i recently returned from
That was a significant of 30 , intended uses without the 40 reduction of the previous required instructions for use year of 1. 1 trillion. That the statute mandates. And the immediate effect, is it taking pressure off and things are improving. Things are improving in the near mr. Attorney general, there are lots of questions about the term. Part of the reason why the shooting at lax on friday. Deficit came down so what is the latest understanding significantly, receive news wept up 13 and spending wept down 2 last year. The combination of those two of the investigation . Resulted in the deficit coming down. Do you think any things could the difficulty is that while have been done to stop this in thats a good sign in the near the future . Term, all projections because of the investigation is underway and part of that investigation the demographics are going will be a review of the security measures that were in place not forward, all projections only at lax but also a review of indicate
And an admission of wrongdoing. Liz wells farring go, the largest u. S. Mortgage lender, cuts 1100 people in the Mortgage Loan business because of lower demand for refis amid higher Interest Rates. David resale of homes rose to 6 1 2year high in august. Buyers lock r rushed to lock in mortgages before Interest Rates rose. Liz weekly jobless claims increased 15,000 to 309,000. The numbers may not reflect the true picture because of previous computer glitches. David agile lant technologies is that how we pronounce it . Liz agile lant. David agile lant. The company is surging after they said they will spin off slowing electronic unit to focus on health care unit. Liz the ceo who rejoined microsoft is set for a massive pay day of 25 million. The payout a. D. Spends on the sale of nokia handset business to the u. S. Tech giant. After the bell starts right now. David lets get to todays action. He says it is time for investors to add risk to the portfolio. We have alan at the cme. Alan, you w