And we saw republicans vote along the democrats. Nine is a bigger number than ag. 6436, thats one of those super majorities, right, that. This now goes to the president for his signature. Expect him to sign it before he leaves for hawaii on friday. Those are the headlines, im tony harris. Inside story is next on al jazeera america. An ease or not to ease. What that means for the economy in 2014. Decoding the just concluded Federal Reserve meeting is the inside story. Ray suarez. What the Federal Reserve decides has a direct impact on the economy, and your pocketbook and effects felt around the world. Since the Great Recession the Federal Reserve has taken Interest Rates to historic lows and used its power to stimulate the economy using quantitative easing. Ben bernanke announced the feds will scale back the program next year. Well decode the feds actions, look ahead to the tenure of incoming fed chairman janet yellen and look at the recovering economy. The Federal Reserve wrapped up tw
Federal reserve has taken Interest Rates to historic lows and used its power to stimulate the economy using quantitative easing. Ben bernanke announced the feds will scale back the program next year. Well decode the feds actions, look ahead to the tenure of incoming fed chairman janet yellen and look at the recovering economy. 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 qualitative easing. Starting in january well purchas scale back purchases. Reporter the positive signs are few but strong. Unemployment reached 7 in november. The s p 500 gained 25 just in the past year. The highest in a decade. And Congress Passed a budget for the first time in four years. Todays policy actions reflect the committees assessment that the economy continues to make progress, but it has much farther to travel before conditions can be judged normal. Notebly despite fiscal head winds the ec
Dollar plunge. Oil remained unchanged. Yahoo shares gained nearly 3 on plans for 5 billion stock buy back. Green mountain stock percolated in heavy trading last nighton earnings that spilled beyond estimates but the outlook was murky. And, the tribune has a plan on the table to cut 700 newspaper jobs. Mark sebastian of swan Wealth Advisors joins us now for a look at the trading day. Good morning mark. A lot of people are still buzzing about those fomc minutes that were released yesterday. I think a lot of people were expecting the talk to be march or april of next year. The talk was we can taper whatever we want. We can taper up or we can taper down. They can adjust their Bond Buying Program at their own will and i think that caught people off guard. Thats why we saw the s ps give up their gains yesterday. What about the retail numbers that are coming in and were starting to close in on the holiday season. Its been interesting. A lot of the names that have been consistently great conti
Back to immigration real quick. Yesterday i guess a group of House Republicans put out an immigration plan that would deal with daca but would also do a whole lot of things that werent kind of under the umbrella of the four things that you outlined in the meeting yesterday. Was that helpful . Was that not helpful to getting to a deal . Ultimately does the president wish they take that off the table so you can focus on what might be happening with senator flake or others in the senate . How does competing package . We think thats a great starting point. Even though it went beyond the parameters the president very specifically and then you later said . He laid out all the things that he felt had to be included, no the just what could be included. Certainly, we think that this is a good starting point. Part of the negotiation process. If we can get everything done, we think thats much berth than just getting part of it done. But we are okay with getting a deal done as long as it falls int
Quick. Yesterday, i guess, the group of House Republicans put out a, an immigration plan that would deal with daca and also do a whole lot of things that werent kind of under the umbrella of the four things outlined in the meeting yesterday. Was that helpful . Was that not helpful . To getting to a deal ultimately . Does the president wish that they you know, take that off the table so you can focus on what might be happening with senator flake or others in the senate . How does no. We think thats a great starting point. We think a great place went beyond the parameters that the president specifically and you later he let out the things he felt had to be included. Not just what could be included. Certainly we think that this is a good starting point. Part of the negotiation process. If we could get everything done we think thats much better than part of it done, but were okay with getting a deal done as long as it falls into the parameters that the president laid out. But he understand