Fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we are dont see the full, you know, 500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases, spending cuts will be a drag on growth which is really not what we would see. If i had my choice we would have more stimulus, more tax cuts, more spending, boost the economy. Are we headed for europeanstyle like austerity,. We shouldnt have to be. What we should be doing is fix the longterm debt problem. And that should happen in the spring. Between now and the spring we
Fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we are dont see the full, you know, 500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases, spending cuts will be a drag on growth which is really not what we would see. If i had my choice we would have more stimulus, more tax cuts, more spending, boost the economy. Are we headed for europeanstyle like austerity,. We shouldnt have to be. What we should be doing is fix the longterm debt problem. And that should happen in the spring. Between now and the spring we
That led to a powerful rally today, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. Stocks rallied right from the opening bell the dow surged 207 points, the nasdaq jumped nearly 63, and the s p 500 rose 27. Tom those hopes about a fiscal cliff deal may be good enough for Stock Traders today, but is the economy in a position to deal with whatever solution politicians may hammer out . Its expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we are dont see
Susie optimism was the word of the day here on wall street. Investors were feeling encouraged that fiscal cliff negotiations in washington are making progress. That led to a powerful rally today, continuing the momentum from friday after that white house meetingetweenredent obama, and congressional leaders. Stocks rallied right from the opening bell the dow surged 207 points, the nasdaq jumped nearly 63, and the s p 500 rose 27. Tom those hopes about a fiscal cliff deal may be good enough for Stock Traders today, but is the economy in a position to deal with whatever solution politicians may hammer out . Its expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in
And the need to slim down is not unique to citi; its industry wide. A financial industry runs into huge problems. It happened in the 30s, and it happened in the last five years. When you go through these periods, you go through a lot of change. That industry is now trying to figure out what is the right size of the industry. Reporter still, economists say citis action today is not the start of a new wave of mass layoffs across corporate america. The nations job market may not be robust, but its not frozen, either. In fact, today, the payroll firm a. D. P. Reported 118,000 new private sector jobs were added in november, fewer than in october. The blame for last months slowdown in hiring falls squarely on Hurricane Sandy, not on any new or widespread weakness in the economy. I would expect that by december, were going to see some bounce back. Much of the disruption from sandy was people simply not being able to get to work or firms not employing people that they ordinarily would have. Re