Just a few more steps the president suggested and republicans would have a deal in hand to tame the deficit for a decade. That is a significant achievement for them. They should be proud of it. But they keep on finding ways to say no as opposed to finding ways to say yes. And i dont know how much of that has to do with it is very hard for them to say yes to me. Reporter there now appear to be two key sticking points republicans want the president to offer up deeper cuts in entitlement spending totaling several hundred billion dollars over ten years. In return the president is determined to get a longterm extension of the nations debt limit. Last year, the fight over raising the debt limit brought the country to the edge of default. But House Republicans see the debt limit as a crucial check on spending. I think they are very, very reluctant to give up this leverage what they consider to be the last leverage they may have next year on trying to get real entitlement reform and i think th
Thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and Government Spending cuts due to take affect in 12 days. Still, as darren gersh reports, there are some signs the two sides are narrowing their differences. Reporter House Republicans say theyre still working on plan a a big agreement with the president to cut spending and raise revenues, but they were pushing plan b today a tax hike for those making more than a million dollars. Tomorrow the house will pass legislation to make permane tax relief for nearly every american. 99. 81 of the american people. Then the president will have a decision to make. He can call on the Senate Democrats to pass that bill or he can be responsible for the largest tax increase in american history. Reporter hours befe thee speaker issued his challenge, sidesresident said the tw were not that far apart. Just a few more steps the president suggested and republicans would have a deal i
This is n. B. R. Tom good evening. Im tom hudson. President obama urges House Speaker john boehner to take his deal on the fiscal cliff, calling it something republicans can be proud of. Susie im susie gharib. The c. E. O. Of manufacturer Johnson Controls says business is looking good for 2013, but going over the fiscal cliff could change that. Tom and the u. S. Treasury speeds up plans to sell its stake in General Motors. Is the automaker ready to stand alone . Susie that and more tonight on n. B. R. tom under the threat of a white house veto, the u. S. House of representatives is expected to vote tomorrow on the republican planb to avoid the fiscal cliff. House Speaker John Boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and Government Spending cuts due to take affect in 12 days. Still, as darren gersh reports, there are some signs the two sides are narrowing their differences. Reporter House Republic
Stocks fell across the board today, this is not taking long heading into this holiday weekend. Especially not with the uncertainty in syria. One of the worst months for stock since last may. Utilities and financials led the market ler. The dow lost four and. 5 , the s p 500 lost ov 3 . Still the market up easily double digits so far this year so lets get to our panel. I will never mess that up again. And this one, our friend. Guys, lets talk a little bit about this month, the worst month since may of last year. Although i never sensed any panic, that is the odd thing about it. It is the summer, it is august. We have had a lot of external shock. Syria being one of them. Charles we were already week before this happened. We were, but it added fuel to the fire. Charles that fire was the federal reserve. Probably more than anything else. You are right about it all day long. It seems like that is the darkest cloud over the market right now. I think i like miley cyrus more than i like ben be
Stocks fell across the board today, this is not taking long heading into this holiday weekend. Especially not with the uncertainty in syria. One of the worst months for stock since last may. Utilities and financials led the market lower. The dow lost four and. 5 , the s p 500 lost over 3 . Still the market up easily double digits so far this year so lets get to our panel. I will never mess that up again. And this one, our friend. Guys, lets talk a little bit about this month, the worst month since may of last year. Although i never sensed any panic, that is the odd thing about it. It is the summer, it is august. We have had a lot of external shock. Syria being one of them. Charles we were already week before this happened. We were, but it added fuel to the fire. Charles that fire was the federal reserve. Probably more than anything else. You arright about it all day long. It seems like that is the darkest cloud over the market right now. I think i like miley cyrus more than i like ben