One faction of one party in one house of congress in one branch of government doesnt get to shut down the entire government just to refight results of an election. Keeping the peoples government open is not a concession to me. Keeping Vital Services running and hundreds of thousands of americans on the job is not something you give to the other side. Its our basic responsibility. You dont get to extract a ransom for doing your job. For doing what youre supposed to be doing anyway. Or just because theres a law there that you dont like. Affordable care act is moving forward. That funding is already in place. You cant shut it down. Republicans cant shut it down. Its the law of the land. So lets be clear about whats happening. Every Year Congress has to pass a budget to fund the government, to keep it running. But republicans dont care about that. Theyre more focused on scoring political points and raising cash. Republican senator mike lee is now actually fund raising off this fight. And c
Going to accept nothing as it relates to obama care. Theres a time and place for everything and this is not that time or place. So far, majority leader harry reid has essentially told the house of representatives and the American People go jump in a lake. If harry reid forces a Government Shutdown, that will be a mistake and i hope he backs away from that ledge hes pushing us towards. Good morning. Monday, september 30th, 6 00 in the morning, darkness still over the United States capitol. Washington anchor for bb world news america katty kay, former communications for president george w. Bush, nicolle wallace, msnbc and Time Magazine senior political analyst mark halperin, former treasury official and morning joe economic analyst steve ratner, and on capitol hill for us, the reporter for the New York Times Jeremy Peters, good morning, everybody. Good morning. All kinds of darkness over capitol hill. Lots of darkness. Pick your headline, tthe New York Post says storm coming, usa today c
Degree turn in testimony today . In september he said it was videos and spontaneous demonstrations. Today he said the cia knew all along it was a terrorist attack in libya. This story gets worse and worse, more and more complicated and we are going to parse through it. First up, with the fiscal cliff only 45 short days away, are we facing a stalemate or is there a new kissy huggy era coming to washington, d. C. . Weve got two kissy huggy cnbc contributors. Jared bernstein, former Vice President , biden chief economist, and kissy huggy Jim Pethokoukis of the American Enterprise institute. Jimmy p. , i love this New Washington picture. And i dont want to be pessimistic. I want to be optimistic. Maybe they can make a deal. But heres what i worry about, jimmy. Heres what i fear. The republicans are conceding that theyll give a revenue a tax revenue portion by limiting deductions. But i dont see any spending cuts. The sequester has been called off. Mr. Boehner would like a down payment on e
Impact in the longterm. And look at this video, thats a government oversight hearing on an epa investigation today. Thats right, today, in the midst of the Government Shutdown. How and why can that happen . Were looking for answers. Well look for the chairman of that committee in a few moments. Reaction to all of this from none other than jim cramer himself. Hes here at the New York Stock Exchange marking the 2,000th edition of mad money. Well have a special interview with him where hes talking what happens next with the markets, the shutdown, debt ceiling mess and what he has planned for tonights big mad money show, number 2,000. In the markets now, where we stand on the street with one hour to go. Up 28 and off the best levels, still positive on a day when many thought we would be in negative territory given the shutdown. The s ps up nine points, nasdaqs positive by 31. The federal government has been shut down for 15 hours. The white house rejecting the latest overture from the gop
50 or 100 years. This is the real thing. And much of what went wrong on wall street could be traced back to something called credit default swaps. They were traded in a risky shadow market, and they were at the heart of the financial meltdown. [ticking] it has tentacles as wide as anything ive seen. I think, next to housing, this is the single most important issue in the United States and certainly the largest threat to the u. S. Economy. Meredith whitney was talking back in 2010 about a then looming financial crisis involving state and local governments across the country. It was a debt crisis which some people believe could derail the recovery and require another big bailout package that no one in washington wants to talk about. The day of reckoning has arrived. Thats it. And its gonna arrive everywhere. Time may vary a little bit depending upon which state youre in, but its coming. [ticking] welcome to 60 minutes on cnbc. Im steve kroft. In this edition, we look at three stories lin