Every morning here since the election. Fiscal cliff, big, big issue. There are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. How big of a problem would that be . That would be a big problem. I actually still believe that those the democrats, the administration, republicans in the final analysis dont want to see that happen. They do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. The issue isnt simply the negative result of going over the cliff, but its also that business, consumers, everybody continues to hold back on the uncertainty. And we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. So i think a lot of whats going on is what you would expect to see in this negotiation, very public
They average around 9 now. What a big raise would mean for businesses and consumers. And the sticker shock, why washington lawmakers could be the reason you pay more, lots more for milk. We have all that and more tonight on nightly Business Report for thursday, december 5th. Good evening everyone. Stocks kept sliding today, the losses though modest marked the fifth day in a row of declines for the dow and s p 500, the longest streak since september and the Government Shutdown. The indexes are less than 2 from the alltime highs. Todays declines were driven by rekindled concerns the Federal Reserve may reduce the 85 billion a month in bond purr chases and might do it as soon as this month because Economic News out today pointed to a strengthening of u. S. Growth. The come he domestic product wa more than a half point to 3. 6 for the summer quarter, the quickest pace of growth in a year and a half. Jobless claims fell by 23,000 last week to 298,000, the lowest level in seven years. In the
And the sticker shock, why washington lawmakers could be the reason you pay more, lots more for milk. We have all that and more tonight on nightly Business Report for thursday, december 5th. Good evening everyone. Stocks kept sliding today, the losses though modest marked the fifth day in a row of declines for the dow and s p 500, the longest streak since september and the Government Shutdown. The indexes are less than 2 from the alltime highs. Todays declines were driven by rekindled concerns the Federal Reserve may reduce the 85 billion a month in bond purr chases and might do it as soon as this month because Economic News out today pointed to a strengthening of u. S. Growth. The come he domestic product wa more than a half point to 3. 6 for the summer quarter, the quickest pace of growth in a year and a half. Jobless claims fell by 23,000 last week to 298,000, the lowest level in seven years. In the meantime, october factory orders fell but that decline was less than forecast. The d
Businesses and consumers. And the sticker shock, why washington lawmakers could be the reason you pay more, lots more for milk. We have all that and more tonight on nightly Business Report for thursday, december 5th. Good evening everyone. Stocks kept sliding today, the losses though modest marked the fifth day in a row of declines for the dow and s p 500, the longest streak since september and the Government Shutdown. The indexes are less than 2 from the alltime highs. Todays declines were driven by rekindled concerns the Federal Reserve may reduce the 85 billion a month in bond purr chases and might do it as soon as this month because Economic News out today pointed to a strengthening of u. S. Growth. The come he domestic product wa more than a half point to 3. 6 for the summer quarter, the quickest pace of growth in a year and a half. Jobless claims fell by 23,000 last week to 298,000, the lowest level in seven years. In the meantime, october factory orders fell but that decline was
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