They were buttoning that up. The house went into session this morning, that is to say, the Republican Caucus met. The speaker came up with a plan, or the leadership presented to members a plan, that was different, had more provisions going after obama care in it. It was divisive within the caucus. They did not have a consensus. The speaker came out and said, we havent decided what to do. Were still talking about it. But that had the effect of causing Mitch Mcconnell to hit the pause button on his talks with harry reid because the republican leader in the senate has little freedom to maneuver when the Republican House is working on an alternative to what hes negotiating with reid. I just got off the phone a few moments ago with the democratic leadership aide who says this hasnt collapsed but its on pause until we find out whats happened to the house plan. The house plan, because it didnt have the votes, when they left the meeting, may never get off the ground, but until that is determin
Its debt. We are three days from potentially hitting the debt ceiling, a move one bank ceo says would be a very rapidly spreading, fatal disease. We are on the grown in washington with the latest details. The deadlock in washington is weighing on stocks today. We are counting you down to the market open 30 minutes from now. Netflix coming to a cable box near you. A new report says the streaming Video Service is in talk with cable providers and shares of netflix are higher in the premarket. Still, no agreement on ending the Government Shutdown. Now in the 14th day. Nor on raising the debt ceiling. The biggest leaders in banking sounding the alarm at the International Institute of finan finance conference in washington. I was a moderator at that event. Jamie dimon painted a pretty bleak picture of what could happen. As you get closer, the panic will set in and something will happen. I dont know periodically when that problem starts. Deutsche bank says his company has been making continge
This Digital Commerce company are up about 4 at the moment to 25. 69. An upgrade from wells fargo to outperform from market perform. Those are some good individual stock stories, but earlier Liberty Interactive did reach an alltime high. So what exactly is going on in washington right now, and will the market optimism last . Weve got peter barnes stationed at the white house, rich edson, hes planted at capitol hill, nicole is on the floor of the New York Stock Exchange, sandra smith at the cme group. Peter, have you seen any comings and goings, again, this meeting that was supposed to start 1 25 ago has not. Whats going on . 3 reporter well, the white house just dropped this statement on us about 15 minutes ago and it said that the meeting has been postponed, quote to allow leaders in the senate time to continue making important progress towards a solution that raises the debt limit and reopens the government. This meeting coming, being scheduled and then postponed around the buzz up o
In washington all eyes on the senate where botsides try to hammer out a deal now we hear ere will be a new plan to the colleagues of the house tomorrow morning the proposed deal will suspend the debt ceiling until febrry and find the government through the middle of january so we can kick the can dowown the road. Withur senior columnist and how this impacts your pockbook. I will tell you i am starting their right away. We have a lot headlines of the psible agreement but the government running out of money they just have 30 billion how likely is it that Social Security payments could be delayed . First, if sid did not raise the debt ceing than the november 1st date came wh the checks were supposed to go outthere rabil lot of paents without money to fund becaus ave to borrow money to pay those checks. But in the next cole of days i think they will raise the ceiling if not th there is reason to worry. Gerr there will be have to pay if they dont. Here is what the viers said. To withhold it
President. According to the bureau of labor statistics. 10 Million People unemployed. An additional 91 million are out of work and not even looking. They have given up. Washington bring the president took a page from the wpa years ago. We havent done anything new except the president is trying to defend the creation of government created jobs. Rather than saying we dont know what would have happened had the government stayed out of the business of job creation and allowed the economy to move forward in the private sector to create jobs in a more efficient manner. You can argue coming from, you know, the private side, we know when government get as large as the government. It crowds out the private sector. Mitigating what they can do for the economy. If you look at the situation five years ago there was bipartisan panic over the state of job. They wanted to rush as much money in to the responsibility with shovelready investment. It was the term. Youre simply putting transfer payments ou