be a good story he is going to reestablish trade ties after tpp collapses or he withdraws from it. we are hearing kind of nothing of that. no consistent messaging at all. that is another great example. we have to go to break but thank you for bringing that up, jake. had he a great call with china last night. by all accounts. and he is going golfing this weekend with the prime minister of japan which, as we all know, i mean, that is five, six, seven hours of those two together. that s pretty damn important. but all of this other news. in which the japanese will announce a major investment in american investment spending. done right without all of the distractions great headlines that this administration can t get out of the way to let people print. the foreign policy stuff is, obviously, important and a better relationship with japan would be great.
read a litany of the jobs they ve created this year some of of some of the growth in the economy, some of the small downticks in the unemployment rate. he said we have to do a lot more and they recognize that strongly at the white house. next year a big piece of the president s agenda you ll hear him talk about this in the state of the union is the growing divide in the standard of living and people s wealth. in the country. and so i think the white house is going to focus on the economy. they don t want things like a budget, you know debate to shut down the government. it s not going to happen now. we have the looming debt ceiling they still have to deal with and things like that. they don t want any disruptions in whatever momentum they have weather they can get big new investment spending in infrastructure and education and things they want to do is maybe unlikely with this congress. but at least no disruptions is what they want. dafna, what needs to happen so 2014 s version of th
spending. president obama calls this investment spending. i call it more deficit spending. bill: you think that goes anywhere? maybe? bill: you think? more spending goes through the house? the question is, will the grand bargain go forward? will republicans agree to some more spending to get the tax rates down? maybe. let s face it. when republicans won the house back a few years ago, what was their central promise? we ll bring spending down and bring the deficit down. this proposal by president obama would increase the deficit with all the spending. one of the things by the way when i talk to some of the republican leaders about this today, i ask what is your reaction, bill to this, if we need more infrastructure dot xl pipeline? that doesn t cost any money. that is more infrastructure. bill: a question whether the president will move on that do you think he ought to no. it s a no-brainer. jobs, economic development and infrastructure and doesn t cost taxpayers a penny. presid
and business fixed investment spending also dropped lower than previously estimated. companies reduced spending on power, communication, infrastructure, equipment and software. now, despite the disappointing numbers, the stock market is up today. it may seem counterspew ty, but bad news on the economy has been good for the markets lately which have been concerned when the federal reserve will pull back the stimulus. worse than estimated numbers give the fed more reason to potentially keep that going. jenna in. jenna: jo, i think this is the first time we ve spoke since you joined the team over at fox business. it is. jenna: welcome to you, and thank you for the great report. look forward to having you back. thanks. reporter: thanks, jenna. jon: well, the supreme court s landmark rulings on two gay marriage cases. reaction is pouring in the now. we re live with some of that for you. also, in-depth analysis. and another tearful apology for a big personality in the cooking world. wi
the scorched earth partisan politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn t act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our home-grown storm has a bigger chance of causing a hurricane here than the actual hurricane that s blowing our way from europe. i ve been berating congress on this show to pass legislation now to head off a series of tax increases and spending cuts mandated to take effect on january 1st. because congress couldn t come up with a better deal to raise the nation s debt limit last year. i am not alone in my calls. the federal reserve chairman and the international monetary fund are warning congress to act before it s too late. if you get hit by another recession, you ll join me in pointing my finger directly at the political partisanship that sr. has poisoned your path to economic stability and t