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
Including companies having to wait six days to make purchases and curbs on individual market access, that is never good. The Exchange Rate for the currency was also moved higher against the dollar, that is the official rate, you can be sure that the black market rate is different. The price of bitcoin plunging, losing 20 of its value in a single day. This is one of the biggest exchanges, sick spending suspending withdrawals. You cannot pull your dollars out of the exchange. Not good. Plunged tof bitcoin 690. Much more on that later on. John boehner told reporters in washington that immigration policy will be tough to pass by year end because republicans are focused on the fight to repeal the president s Affordable Care act. That is better known as obamacare. Isn boehner said there widespread doubt about whether the administration should be trusted to enforce our laws. Areouse republicans narrowing the list of conditions they would seek to raise the debt ceiling, they have not been able