As the budget crisis looms larger and the threat of default draws near, the imf and World Leaders tell the u. S. To get its act together. Consider this, what happens next if america blows through its debt ceiling what will the aftershocks be around the globe and for you at home . Also, is iran really ready to negotiate on its Nuclear Program . As fresh talks begins secretary of state kerry says no deal is better than a bad deal. And what happened to all of those claims of transparency in an Obama White House . A scathing new report from the committee to protect journalists, includes a quote from a veteran reporter calling the white house the most closed, control freak administration hes ever covered. Hello, i am antonio mora welcome to consider this. We begin with the countdown. Only days left before a potential default and Senate Leaders are saying that they are closing in on ideal to reopen the government and extend the debt ceiling until early next year. As al jazerras Courtney Keel
Antiterrorism laws. Surveillance video on sunday shows one of the suspects, a 28yearold british man taken into custody. He is originally from [ inaudible ]. It is one of three such raids across the city that were planned and overseen by british intelligence. And police in myanmar on high alert have a bomb exploded in an up scale hotel. Those are your headlines. Consider this is next. And for updates throughout the day go to aljazeera. Com. As the budget crisis looms larger and the threat of default draws near, the imf and World Leaders tell the u. S. To get its act together. Consider this, what happens next if america blows through its debt ceiling what will the aftershocks be around the globe and for you at home . Also, is iran really ready to negotiate on its Nuclear Program . As fresh talks begins secretary of state kerry says no deal is better than a bad deal. And what happened to all of those claims of transparency in an Obama White House . A scathing new report from the committee
He went to harvard. He went to oxford. He became an internet and the nixon white house. Both the republicans and democrats wanted him. In the end he chose the democrats. He became a lawyer. He became an investment banker and then he became u. S. Budget director under president clinton. People were talking about him as a possible treasury secretary. At fannie mae, raines carried on with the fast growth policies of jim johnson. The Clinton Administration aide him on. In july 1999, hud secretary announced an effort he would increase the percentage of their mortgage financing that went to low or moderate income families, to 50 in 2001, from 42 that was set back in 1995. Cuomo said these new rules would provide Affordable Housing for 28. 1 million families over the next decade. Think about it. Cuomo could promise to create 28. 1 million homeowners without asking congress to spend a single penny. He simply told fannie and freddie to go out and do it, and they said we would be delighted. You
Fateful history of fannie mae, faithful not only for fannie mae but for everybody else too and there are copies of the book out in the reception area which we hope you will buy and which bob hagerty will autograph after the program. I am the president fellow at a e. I. And we are pleased to have you with us to consider this fateful history and its role in american politicized Housing Finance. After many years of dealing with and thinking about fannie mae i thought i knew a lot about this subject but i learned a lot more about it from reading bobs book, especially the very longterm evolution of politicized Mortgage Finance in this country and also about the vivid personalities involved over the last 40 years, all the way to the end of the story, at least it is the end so far. The book is full of information but in addition if you read my invitation to this event you know i think it represents an underlying tragic drama. In fact a shakespearean tragedy in fives. Rise, power, hubris, fall
[captions Copyright National cable satellite corp. 2013] us 2013 reps up, we are on the front of the u. S. Capitol to speak of the review series, a look of five important issues we have covered. Immigration laws. An essay surveillance on wednesday, a look at gun laws. We ramped up the week on friday with the federal government shut down. Kwa this week on q a, former congressman and reagans Administration Budget director David Stockman discusses his latest book, entitled the great deformation the corruption of capitalism in america. David stockman, the author of the book the great deformation. 1981, when you were budget director for Ronald Reagan . The last thing was that the machine of the government in the United States is pretty brittle, and if mistakes are made, and, clearly, we made a huge mistake when the taxes were double the size that we intended. People forget that, but it was true, but once it got put into law, and people began to take partisan positions, and republicans took