Those being held in the prison have been advanceferred to slovakia. Residents forced to evacuate a small north Dakota Community are following this fiery train crash can return home. Federal investigators are investigating the cause of the collision. One train derailed and another was hit with loaded crude oil. No one was hurt but the crash caused a series of explosions that sent these plumes into the sky. Inside story. The Federal Reserve is going to start easing off the easing early this year. Monetary policy t its impact on you and the economy coming to life. Thats inside story. Hello, im ray suarez. 2013 will be remembered as a year of partisan dysfunction in wash despite the threat of default and Government Shutdown the economy has been showing signs of life. Unemployment dropped to its lowest level since president Obama Took Office and since the Great Recession the Federal Reserve has been using tools in its toolbox to keep the economy on track. Interest rates are still at rock bo
Reserve has been using tools in its toolbox to keep the economy on track. Interest rates are still at rock bottom, and the fed kept up its bond by bu buying program. That policy has been the signature of outgoing federal chairman ben bernanke. But the fed will begin to ease off the easing under new chair janet yellen. Under this new edition, well examine the green shoots of a recovering economy. Reporter the Federal Reserve wrapped up two days of policy meetings and concluded the u. S. Economy is Strong Enough to start tapering the banks Investment Program known as quantitative easing. Well be purchasing 75 billion a month reducing purchasing of treasuries by 5 million each. Reporter the positive signs are few but strong. Unemployment reached a fiveyear low of 7 in november. The southboun s p 500, and Congress Passed a budget for the first time all year. The economy is continuing to make progress but it has much farther to travel before conditions with be judged normal. Notebly, the ec
Time zones. You can also contact us via social media on twitter or facebook or by email. Before we get an update on the fiscal cliff, two articles to show you. This is from the houston chronicle. Thats from the houston chronicle. If there are updates, we will get those throughout this mornings program. One other article and we want to show you according to one article, the nominee has flown back from hawaii with the president on air force one. Most of the papers are filled with articles about the fiscal cliff issue. Joining us now is merideth shiner of cq roll call. Ms. Shiner. Guest ms. Shiner seem so formal. Were having a recession in between christmas and new years. That has not happened since the 1970s. Maybe we should play disco or maybe they should just finished their work so they can stop making terrible jokes. I think you are a point to see some push in the next few days to try to get some sort of small deal done. You have to remember and your viewers will notice, because they
My focus is on the substance, my focus is i think where the American Peoples focus is, what are we doing to provide real relief to the people hurting because of obama care . Unfortunately today the answer is the United States senate and the washington establishment is doing nothing to provide relief for the millions of people hurting because of obama care. The sources tell nbc news the bill is still being written and the senate will vote for first time this afternoon. Kelly odonnell reports a number of republican senators will vote yes to send a signal to House Republicans that the deal will pass and give cover to House Republican leadership so they will not need to provide all of the votes. House republicans are expected to meet in about an hour later today. The deal yields no concessions to republicans and reopens the government through midjanuary and extends the governments ability to borrow through early february. It also locks in reduced spending levels as established under the se
To come in and the authority to say, we didnt have when lehman went down, to come in and guarantee liabilities or inject capital as part of an orderly resolution process. It doesnt tell you how long the orderly resolution process should last. And i i dont believe the public would be as angry if the crisis if the economy hadnt turned way down and if they werent suffering. They wouldnt be as angry if banks were propped up, failed banks in their current form. Which is what david got in to with the perception of the American Public. They dont understand why an institution fails, should be bailed out, propped up in its current form. I think regulators have an important tool. But i frankly, you know, its interesting, when i go through this every time someone says something, i want to do what barney did, stand up and make a comment or interject because the comment was made, well, we dont have orderly liquidation authority, it looks like we have the basics, but we dont have everything fleshed