This is outrageous senator crapo is exactly right and im proud to cosponsor. A few seconds left. Senator ayotte. I would like to ask my colleagues comment. Thank you. Rebuttal . As senator crapo mentioned, i suspect many of my colleagues will support this amendment. That i did want to add to it that if we are serious about helping the unsubscribe as i suppose all of us are we would not be voting for a budget that slashes funding to the program. Democrats and republicans across the country have said the acrosstheboard cuts are terrible policy and an absurd way to reduce the deficit that must be replaced. There replaced. There are republicans on this committee who have been vocal about the need to roll back these cuts and have expressed the need to raise some revenue. Last year democrats and republicans were able to reach an agreement that the rollback the worst of these automatic cuts which prevented another government shutdown, moved us away from the crisis and restored critical invest
Session. And the s p 500 down 6. 70 points at 1409. December a historically good month for the markets. The s p has risen 8 of the past 1 years in the final month of yeert. With fears of the looming fiscal cliff, can the trend continue . Were bringing in mike from Yahoo Finance and cnbc and yahoo have a Business Alliance to share and coproduce editorial content and gordon along with bob pisani. Gordon will be along momentarily. Michael, let me start with you. You say this markets preoccupation with the fiscal cliff is overdone. Do you think we go back to the trend and that is that december is a good month on the upside for stocks . Definitely one of the tail winds. All else being equal, probably definitely a strong point for the market. I think this market is laboring to look through the interim noise. You had decent pmi numbers, with the ism disappointing and i think the market is trying to assimilate all this. One thing i take encouragement from, things like junk bonds, small caps ha
At the morgue and minerals notice that this cold or three but this modest restated on the first of the sentence reads. Its been described as the most significant archaeological find in afghanistan. But the reached a no call for runs a rifleman in it so the artifacts will be relocated block but looked to Purpose Built Museum nearby and the future will be taken to the National Museum in trouble and as the morning these but i found this so im going to be. Both coaches who can put a good boss lady and was buying all those older than the pundits say wouldnt that be. In theory the cross of the Mining Industry should ensure canadians into the crippled up and economy. Let there be many allegations of corruption regarding the awarding of contracts the minister says is improving transparency by closing a number of Bank Accounts and publishing whole financial the bills online these are big challenges but the thickening thats mine with the help of the duff chemist on into far more prosperous futur
The full house not even expected to return to work until sunday. Here is the guest list for todays showdown. The president , Vice President biden, Senate Majority leader harry reid and House Minority leader nancy pelosi on the democratic side. House speaker john boehner, Mitch Mcconnell representing the republicans. Brianna keilar live from washington. What do we expect to happen today . Any new offers from the president or House Speaker . We dont know. Right now, all eyes on the senate to see what Senate Majority leader harry reid can cobble together to get some republican support. Technically, its still possible to come to an agreement. That said, politically is a different story, and the prospects for coming to a deal are starting to dim. Right now, were hearing a whole lot of the blame game. A lot of public posturing from both sides as they prepare for the possibility of going over the cliff. Lets listen to harry reid. We are here in washington working while members of the house of
And welcome to the closing bell. Im kelly evans in today for maria bartiromo. Bill griffith will join me in just a moment. Stocks are closing lower on concerns some members of the fed favor slowing or stopping economic stimulus earlier than maybe was previous thought. Heres how were finishing the day on wall street. The Dow Jones Industrial average pointed down by about 22 points or 0. 2 , about double that is the loss on the nasdaq today, down 0. 4 and its giving up some of its gains from yesterday, 0. 2 on the s p bit. After we saw stocks moving towards their low after the fed minutes did get a little bit of a rebound into the final minutes of trading. The lead bias was to the upside. Let get straight to the markets. While we didnt give back all of yesterdays gains, we did close off the days lows. Should investors really be concerned about the potential end of the feds easing program . Ben pace from deutsche bank, private Wealth Management is with us and greg ipp, with the economist