Unemployment insurance to be extended. We cant cut our way to prosperity we need real economic growth. And many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. How we get there, god only knows. Reporter voters who expected congress to watch over the so i think the tax issue and the job issue needs to be looked reporter voters who expected congress to watch over the economy after the election are watching the fiscal cliff with growing alarm. Its going to mean a lot of problems, the job situation will actually get worse because then companies cant borrow money and if you cant borrow money, then youre gonna have problems with hiring employees and stuff like that. Reporter the holidays are usually times that bring Families Together and many would like to see that happen at the National Level as well. So i think the tax issue and the job issue
Its based in london and drives over 40 of n. Y. S. E. Profits. It has a business that deals, for instance, in financial derivatives. These are derivatives contracts tied to Financial Products like interest rates, and ice has been wanting to expand in that direction for a while. Reporter as for the n. Y. S. E. , its no secret that this year has been a tough one for the stock trading business. In addition, fewer companies are going public, so the i. P. O. Market has dried up. On a Conference Call, n. Y. S. E. Euronext c. E. O. Duncan niederauer was asked why not try to ride out the storm . Our responsibility to the shareholders was pretty clear. Our job is to create value as best we can in the near term, and position the company to be successful in the long term. I think this deal does that. Reporter this is not the first time ice has made a bid for the big board. Last year, it made a joint hostile bid with the nasdaq o. M. X. Group for the exchange. But that move was blocked by regulato
Reorganize their business. They say a sale could be in the cards. Well, the gsk scandal is rocked by a tape that could potentially rock the investigation. Youre watching worldwide exchange. Bringing you Business News from around the globe. Good morning. Thank you for joining us. Let me tell you what is coming up. The latest u. K. Calendar is going to be released in the next 30 minutes. Well check on the real estate sector with the ceo of a company there. Chinas lenders came out on top and who is in the number one spot . You may have been part of a social experiment and not known it. Facebook has manipulated some users emotions in a social experiment. And argentina faces a crucial debt payment today. A u. S. Judge ordered for them to pay 1. 5 billion to creditors. Well look at that and the emerging market space in the second half of the program. Dont panic. That was the message from bulgarias president who promised savings in the countrys banks following the sale of two banks. They also
Day break. New members of the 113th congress were sworn in today, including 100 freshmen. They face huge challenges fights over the sequester and the debt ceiling coming around march first. And as sylvia hall reports, there are low expectations lawmakers can get the job done peacefully. Reporter returning lawmakers didnt get much of a break after that bruising fiscal cliff battle. Theyre back in washington today, swearing in the new congress. Demographically, its the most Diverse Group ever sworn in. But politically, this congress is expected to deliver the same gridlock as the last one. The problem is that the congress is very divided, not only are the two houses divided, but each party is further away from the middle than has been in the past, and the public the American Public itself, is very divided. Reporter theyll start the year by tackling some big issues left over from last session. First in the house, a bill to help victims of superstorm sandy. House Speaker John Boehner nixed
Mother from georgia my father from southern virginia and washington. Its where they met, married and had me so without the great migration i wouldnt be here. I dont know who you would be talking to. So ive lived with all my life. I grew up with people from North Carolina South Carolina georgia all around me in the neighborhood where he grew up and i was surrounded by the language the food, to the music the ambitions of the people who had migrated from the south and competition about whose child will go to catholic school, School Across the park so its been with me all this time. To enforce regulations under the doddfrank financial law. The sec is requesting 1. 7 billion for nick steers budget and the cftc is asking for 280 million. This is an hour and a half. Good afternoon. The subcommittee will come to order. I am pleased to convene this hearing of the Financial Services general Government Subcommittee to consider the fiscal year 2015 funding request of two key federal regulatory age