countries like italy and spain. in other efforts to improve the economy, democratic and republican plans for congressional super committee are beginning to emerge. we are hoping that the committee will have an agreement that s big, bold, and balanced. reporter: still the two sides seem far apart with less than a month to come up with a deal before sharp cuts to defense spending and medicare kick in. i expect that it is going to be very difficult to get to an outcome. i am committed to getting to an outcome. it wasn t just the white house hungry for a rare spot of positive economic news. that massive market surge means wall street was, too. thanks. the super committee facing thanksgiving deadline to get to some kind of plan, before the major cuts in defense and medicare. looking shaky if they will get to anything at all, weeks left. it is very fragile, the president wrote an op-ed in the new york times and called the world economy fragile. still a long way to go. it does
situation. 20%. i know nothing about stocks. i never played around in the stock market. if you go up 20% in the past couple of weeks, sell today. take your profits on friday. spend a little bit this week. because there s just we had some good economic data but not enough to push it up 20%. what does it mean for main street anyway. let s get to washington where there actually is a lot going on. deadline to reach a deal on the deficit less than a month away. we re getting new details on a proposal from republican members of the congressional super committee. their plan released a day after the democrats calls for $2.2 trillion in total deficit reduction often years including $500 billion in medicare cuts, $185 cuts in medicaid. it also includes tax reform through an attempt to broaden the tax base. a move one capital aide says would generate as much as $200 billion in new revenue. the proposal contains no tax
staffner her place, but her entire new hampshire team quit last week. nbc news has learned that democrats on the congressional super committee have proposed a plan to reduce the deficit by $3 trillion over the next decade through a mix of entitlement reform and tax hikes. no official reaction from republican members yet. the super committee s deadline for a deal is less than four weeks away now. the occupy wall street protests are making headlines again after police in oakland, california, clashed with protesters across that city. authorities cleared protesters from their encampment earlier in the day. the confrontations last night saw police fire tear gas on at least three separate occasions in their attempts to calm down the crowds. in atlanta, meanwhile, police cleared woodruff park of occupy wall street protesters earlier this morning and arrested 50 people. atlanta s mayor cited security concerns after a man with an assault rifle was spotted among the protesters on tuesday.
would it satisfy guys like you or would you not like the way it was done? guest: no, because it is not going to give you any confidence they can really do anything meaningful. there is no will, no will our politicians to dot right thing, to make meaningful cuts, no will in europe, and if you look at the real problems facing our budgets moving forward, they are not being addressed by the congressional super committee. so, you are right, it goes to a lack of confidence in leadership. but it goes beyond that, and forget small businesses for the moment, and lock look at big business. bowing is trying to move a plant and the national labor relations board is trying to stop next and exxonmobil is trying to drill and the epa is trying to stop them so this goes well beyond the uncertainty of big and small business. neil: thank you, jim, from texas. still saying mitt is it and the front loaded primaries make mitt
27-21. coming up on radio between 9:00 and noon today, bret baier and larry o connor fresh off his big appearance on fox & friends on friday. he s entertaining. very entertaining. good guest. yes. we ll be listening. in the meantime, another credit downgrade could be on the way. that according to bank of america s merrill lynch economy. and they say there s little hope that the congressional super committee s task of reducing the deficit will actually agree on a plan. stuart varney is here how do they know? look, this could be a huge political deal for the president and for congress. ok, this super committee is supposed to reduce the deficit over a 10-year period by $1.2 trillion. the ratings agency says wait a minute, $1.2 trillion. that hardly scratches the surface. it s got to be $3 to $4 trillion. that super committee does not look like it can tackle taxes