it was a story that was certainly overshadowed by the government shutdown and the debt ceiling battle, but with those crises over, at least for now, attention once again turning to the serious problems plaguing the obama care debut. there are now growing calls for someone to pay the price for all the glitches or serious problems. brian todd is here taking a closer look at this part of the story. brian, what s going on? right now, that someone you mentioned is health and human services secretary kathleen sebelius. republicans are equating her with the rollout mess and they are turning up the heat. she s become the face of the obama care rollout and all its technical problems, and there s intensifying pressure on health and human services secretary kathleen sebelius to step down. she s the chief target of republicans, including senator
moving into this debt ceiling battle, that he s been very frustrated. he hasn t been able to push some of this has domestic agenda items, for instance, immigration reform, which you ve heard him talk about yesterday, so it s been frustrating for him, for sure. what about the white house what are they saying about the possibility, and it s a very real possibility, in january and in february, it s only a few months away, we re going to go through this process one more time? that s why the white house, you asked them about that, here they are, in just another moment, and they say that s what this strategy was all about. really trying to enforce two of these tea party republicans that they weren t going to get anything out of president obama. closer to the election, white house officials tell us they think republicans would be even less inclined to pick this fight. because here, clearly, the white house was trying to send a message. even though in the end, wolf, they capitulateded in
people are spending less on cars, tv sets, appliances, they re just not charging as much as they did on credit cards because they re not feeling good about the economy. there are things that could possibly happen ahead. home sales could drop because real estate buyers and sellers would be afraid of quickly rising mortgage rates. it is possible that banks could severely slow down lending including to small businesses. that s not a good thing for the economy. keep in mind this could happen even if we reached that last-minute deal. because they re kind of kicking the can down the road, the next deadline could be in january. the wild card, the wild card is america s credit rating. what happened two years ago, a ratings agency, standard & poors downgraded the u.s. after that debt ceiling battle in august 2011. fitch and moody s, they say not going to to downgrade us just yet but we have been put on notice. fitch even spoke out to say they re keeping an eye on us and they re ready to downgra
consumer index came out just this morning. according to thomson reuters and university of michigan, consumer sentiment in october thus far fell to a nine-month low to 75.2. that is down from september s 77.5. this october number, it missed expectations but this number is particularly illuminating because it gives us a good sense how people feel about the economy and personal finance and spending. the numbers show a somewhat moderate reaction to the government shutdown and the debt ceiling battle. during the last debt ceiling showdown in summer of 2011, consumer sentiment tumbled eight points, jon. jon: people not feeling that good about the economy right now? not feeling great. but a moderate reaction. certainly nothing too react to right now. jo ling kent, fox business network thank you. reporter: thank you. jenna: we have to turn to one of our big stories today and it has been a big story all week. there is still controversy in the nation s capitol after the president signed a
federal reserve meeting showing the deciding factor was concern at the time over a government shutdown and debt ceiling battle shows you the economists know how to forecast, right? that is something the second in command at the fed and president obama s new pick for fed chairman must have been closely involved in there is janet yell yellen. she will have her work cut out for her when she starts early next year. just so much going on that is counterproductive right now for our 401(k)s and for the economic recovery and it s all manufactured in washington and i just i don t mean to sound exasperated but even a little tiny deal like this, the fact the dow futures are up in something that seems little a little progress shows you what a bad shot we are in. counterproductive is a nice way to do it. they are screwing with our money. they really are. i talk to a lot of people who move a lot of money and people are big fund and bond fund