Said theyd let the United States default on its bills. The president claims this, but republicans have always raised the debt ceiling. Weve never seen the debt limit fail to be raised. All they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we dont want to give the president a blank check. We would like to fix the substantive problem which is the level and the growth in the debt. Reporter markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. And investors have a pretty good feel for how this cliffhanger ends. They dont really care about the brinksmanship until they are right up to the brink, but also, the more dangerous the fall, off the brink, they figure the less likely that its going to happen. Reporter treasury secretary Timothy Geithner told Congress Today that unless it acts, the nation will not be able to pay its bills sometime around mid february or early march. So with a month
Said theyd let the United States default on its bills. The president claims this, but republicans have always raised the debt ceiling. Weve never seen the debt limit fail to be raised. All they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we dont want to give the president a blank check. We would like to fix the substantive problem which is the level and the growth in the debt. Reporter markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. And investors have a pretty good feel for how this cliffhanger ends. They dont really care about the brinksmanship until they are right up to the brink, but also, the more dangerous the fall, off the brink, they figure the less likely that its going to happen. Reporter treasury secretary Timothy Geithner told Congress Today that unless it acts, the nation will not be able to pay its bills sometime around mid february or early march. So with a month
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. President Obama Tells Congress were not a deadbeat nation, and they need to raise the debt ceiling now, so we can pay our bills on time. Tom im tom hudson. A sour day for apple investors. The stock tumbles to 11 month lows on new worries about waning demand for the iphone 5. Susie but a banner day for g. M. , the cadillac ats takes car of the year at the big auto show in detroit, and its new corvette stingray wows gear heads around the globe. Tom that and more tonight on n. B. R. susie the next big fight in washington has begun. President obama today called on republican lawmakers to authorize an increase in the nations debt limit, saying that messing with it could potentially have catastrophic results for Many Americans and the overall economy. He warned markets would go haywire if congress does not act, Interest Rates would rise, and checks to Social Security beneficiaries would stop. And he s
We did see record all day intraday highs. We also continue to follow, in addition to the major market averages, these three names came out. We are also watching dupont. Travelers has been to the downside. They did well with their secondquarter profit. We also have United Technologies. That is the third one we are continuing to follow very closely. Those are some hot stocks to watch in the Dow Jones Industrials. Adam thank you very much. Another bellwether name reporting today is ups. Customers chose cheaper and slower shipping options. Have customers given us a clue about the global and u. S. Economic recovery . We will take that to benjamin hartford. Are these earnings a statement about what will happen . I think what we have seen, you know, ups spoiled the fun so to speak about ten days ago when they preannounce earnings. The transports have said what the broader industrials have said. I think expectations are being reset here. It is still very much to be determined. That is what we
Good morning. Its monday october 15th. The Trump Administration is reportedly considering plans that could once again separate parents and children at the u. S. Border with mexico. Several Unnamed Administration officials tell the Washington Post that the white house is hoping to reverse soaring numbers of families attempting to enter the United States illegally. One option under consideration is for the government to detain asylum seeking Families Together for up to 20 days, then give parents a choice, either stay in family detention with their child for months or years, or allow children to be taken to a government shelter so other relatives or guardians can seek custody. Its just one of many options under consideration. According to that official, nothing is currently in the works that would trigger family administratio separations on the scale we saw this summer. Over the weekend President Trump said he was weighing several options to tighten Border Security and did not rule out br