States. What is the effect on homeowners as well as the housing industry . And the most Innovative Companies of 2013, some may surprise you. Those stories and more over the next hour. We are awaiting the start of president obamas press conference in 2013. Are we expecting from the president today . This is his last chance to explain why it was not a terrible year for him. We will most likely see him promote the gdp numbers, which look good today. To inspire some confidence about how the Affordable Care act launched the beginning of Insurance Coverage on january 1 for all these americans who were newly signed up how this may actually go forward and try to calm nerves that there will be more problems along the lines of the trouble launch. No doubt more questions about Edwards Snowden and that federal judges ruling just recently about the constitutionality of those nsa leaks. In terms of questions we may very well see a whole range. Theproblems with revelations from Edward Snowden and the
Blowing stuff up. We will kick it off with the worlds biggest shipping companies, who pride themselves in getting things where they need to be and doing it on time. Fort was a sparse christmas some this year. Shippers and retailers missed the delivery targets because of an avalanche of lastminute holiday orders. Ups noted on its website that it missed some targets, and will start resuming delivery. Upshere something about [indiscernible] logistics. Music not so sweet this morning. Ups and fedex did damage control over all these late deliveries. The company had a massive influx of online shopping, but expecting it was knotted not good enough. We expect our average volume between thanksgiving and christmas will be up about 8 . We will pray for good weather and hopefully get all the procrastinators presents to their homes on time. Apologies abound this morning. Ups said in a statement, the company is, quote making every effort to get packages to their destination. The volume of their pack
Two things. Submittedt budget was march 4. How long do you think it will did Something Back to congress after that date . Question is, is you can have a lot of under noticed stuff in novemberdecember saying you stabilize the debt. You need 2 trillion longterm. To reduce the to prerecession levels. Trillion over 10 years. It is very similar to what old simpson was saying in bow lessimpson was saying. Walk us through the overview of how much progress was made in the budget. On your first question, it takes about a month to produce estimates of the president s budget. But that time frame varies depending on what the policy proposals are, how from the lawyer or unfamiliar they are to us. And depending on the release of underlying data. So we use a lot of data that comes out with the president s budget separate from his proposals, but data is very important in updating our baseline. We will not make any precise predictions, but in the past it was about a month. I dont i cant speak directly
They take on the police with antigovernment rallies across the city. Hunger strikes continue at Guantanamo Bay. Rare access to the military facility. We look back at the top stories. American lawmakers gave the entire world a scare because the bickering over the new budget drove the country. Temporary to prein the upcoming months. Global market eyes were right were wide open. At the 11th hour, congress struck a deal to deal with it later. Temporary effects. The agreement reopened the government and funded it to january 15. It allows the u. S. To continue borrowing until february 7. America rarely avoided defaulting on almost 17 trillion in debt. America took a beating here. The shutdown halted the capital to a standstill, with hundreds of thousands of workers out of jobs and the economy on the verge of a recession. Eventually, the market will say, we do not want to play this game anymore. It sparked a global reevaluation. We have seen these political crisis appear in the u. S. You woul
With the world solidly into the new year, many people are reviewing their plans for 2013 and hoping it will be filled with plenty of health matters. And they have been marking the first day observing traditions that range from special meals to perilous plunges. We will have a look at some of that after this round up of the nights more famous parties. 2014 arrived to confetti in new york. Party fever took over. Around a million revelers packed iconic times square defying the frosty temperatures. Peace in the world. Happy and joy to everyone. Have fun, everybody. In rio de janeiro, summer rhythms filled the streets. Fireworks lit up the sky. Millions hailed brazils big year ahead from the copacabana beach. Its not long now until the soccer kicks off in the summer. The german capital welcomed the new year with a bang. 6000 fireworks shot into the sky above the brandenburg date. The brandenburg gate. Hundreds of thousands of partygoers from all over the world turned up to watch the spectac