And economists warn the economic effects will be felt quickly if 600 billion in automatic tax increases and spending cuts begin to take effect next year. At this rate, it looks like lawmakers will celebrate new years eve at work if not resolving the fiscal cliff, at least trying to avoid the blame. Darren gersh, nbr, washington. Susie going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. If lawmakers fail to reach a deal before january 1, the cliffs across the board spending cuts and tax increases will impact how much money states get from the federal government. Ruben ramirez reports from washington. Reporter we all know the numbers. Failing to reach a deal by january 1 will result in 109 billion in automatic cuts to federal spending. And while thats a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. And Standard Poors gabe pettek says tho
And economists warn the economic effects will be felt quickly if 600 billion in automatic tax increases and spending cuts begin to take effect next year. At this rate, it looks like lawmakers will celebrate new years eve at work if not resolving the fiscal cliff, at least trying to avoid the blame. Darren gersh, nbr, washington. Susie going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. If lawmakers fail to reach a deal before january 1, the cliffs across the board spending cuts and tax increases will impact how much money states get from the federal government. Ruben ramirez reports from washington. Reporter we all know the numbers. Failing to reach a deal by january 1 will result in 109 billion in automatic cuts to federal spending. And while thats a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. And Standard Poors gabe pettek says tho
Captioning sponsored by wpbt this is n. B. R. Susie good evening, everyone. Im susie gharib. Tom will be along a little later in the program. Lastminute christmas sppers filled the stores today, but will it be enough to push retailers into the green this Holiday Season . The clock is ticking to the fiscal cliff deadline, but with those talks on hold, so is the santa claus rally on wall street. And theyre a rare breed in corporate america. We look at why so few c. E. O. s are women. That and more, tonight on nbr. Susie not a very merry day of trading on wall street today. It was a holiday shortened session, and the investors and traders working on this half day were playing it safe, especially with the fiscal cliff talks on holiday break as well. When the closing bell rang at 1 00 eastern time, the dow was down 51 points, the nasdaq lost eight, and the s p was off 3 points. So while wall street worked half a day, washington was on vacation. Lawmakers are increasingly pessimistic about a
Society but i was also a believer in a tough approach to the soviet union which means i had ready 30 much at home in the Democratic Party at the time. You had pat point hand. You had Henry Jackson a great senator from Washington State and later on that element of the Democratic Party shrunk to nothingness. And as it did i was without a home. I remained generally without a political home. You could obviously fairly call me a neoconservative then. Host s been 18 years since the 1996 telecommute nations act was enacted by congress and signed by president clinton. Today on the communicators we are going to discuss that its goals and whether or not it should be rewritten rewritten. Joining us are two of the authors of the 1996 Telecommunications Act rick boucher who is a democrat from virginia served in congress from 1983 to 2011 and jack sub 3a republican in texas from 1981 to 97. Congressman feels what was your role in the development of the 96 pelka medications act . Guest it was actuall
At the end of the day this makes no sense. My husband was a veteran. Went for the vietnam war. When he was gone, it was the worst thing in the whole entire world. Especially when they are whening him especially they miss most of this and that. Especially at the end of the day you need help with veterans. Host what you think . Should the general have to go . Caller you cant just not know about a whole cover up. He has computers, he has this, he has that. Host thank you. A republican there. Cruiser has this. ForWashington Post intuition sekis testimony from last week, concluding that if obama wants to resolve this debacle, he will need a less passive secretary. Secretary who became in january 2009, is not up or go visitor to the obama white house. He visited the white house 33 times, according to the official visitor logs, roughly one visit for every two months of his time in that position. That is less than some cabinet officials with higher profile eric holder visited five times. The n