Good evening, it is day seven of the Government Shutdown. And no signs that the United States is getting any closer to avoiding the first default in the nations history. There are no scheduled talks between democrats and republicans. There are no votes scheduled in congress, and both sides appear to be digging in for a long fight. But president obama said today he would accept a shortterm increase in the nations Borrowing Capacity in order to avert a catastrophe, but he also said both sides need to come to the table. Were not going to negotiate to the threat of hurting middle class and american families. Were not going to negotiate under a threat until they get what they want, or the economic threat that the economists warned would result if congress chose to default on americas obligations. Meanwhile, House Speaker john boehner doesnt want to see the nation default but says the president is the one who is not willing to negotiate. The president had us all down to the white house last
Good evening, it is day seven of the Government Shutdown. And no signs that the United States is getting any closer to avoiding the first default in the nations history. There are no scheduled talks between democrats and republicans. There are no votes scheduled in congress, and both sides appear to be digging in for a long fight. But president obama said today he would accept a shortterm increase in the nations Borrowing Capacity in order to avert a catastrophe, but he also said both sides need to come to the table. Were not going to negotiate to the threat of hurting middle class and american families. Were not going to negotiate under a threat until they get what they want, or the economic threat that the economists warned would result if congress chose to default on americas obligations. Meanwhile, House Speaker john boehner doesnt want to see the nation default but says the president is the one who is not willing to negotiate. The president had us all down to the white house last
Time . And error message as many are logging on to the health care website, how serious it is, how it can be done to fix it. Good evening, it is day seven of the Government Shutdown. And no signs that the United States is getting any closer to avoiding the first default in the nations history. There are no scheduled talks between democrats and republicans. There are no votes scheduled in congress, and both sides appear to be digging in for a long fight. But president obama said today he would accept a shortterm increase in the nations Borrowing Capacity in order to avert a catastrophe, but he also said both sides need to come to the table. Were not going to negotiate to the threat of hurting middle class and american families. Were not going to negotiate under a threat until they get what they want, or the economic threat that the economists warned would result if congress chose to default on americas obligations. Meanwhile, House Speaker john boehner doesnt want to see the nation defa
Companies that operate domestically, you see it changing, with Companies Reporting earnings, showing a big improvement in earnings. And i think that will continue through this year. Bruce casman, you probably heard about the debt default or the failure to raise the debt ceiling as bringing about the possibility of economic catastrophe. His words. Do you see it that way . And would the failure to make good on the federal governments obligations even for a couple of days or hours, produce the economic catastrophe that so many seem to fear . I think we have to consider what actually happens. I think if we stop paying our bills and stop paying social security, defense spending, all the things that we do, we would over a period of a few weeks create a fairly significant economic damage that would be far worse than anything were seeing right now. A day or two itself probably wont be such a big deal. I think we have to recognize that. It is 3 to 4 gdp, to increase our debt. If we mention the
Jumpers. When you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, thats like betting your country. Theres stupidity involved in that. This is bigtime stuff. Surprising exactly no one, senator Mitch Mcconnell took to the senate floor yesterday to blast the Administration Strategy as a campaign maneuver. Incredibly, many top democrats, including the president , seem perfectly happy, perfectly happy, to go off the cliff. But in a new quinnipiac poll out today, the American Public gives the democrats the benefit of the doubt by a margin of 18 points, Americans Trust the president and democrats to avoid the fiscal cliff over republicans. The same poll gave president obama his highest Approval Rating in three years, with 53 support. In the next hour and a half, president obama will continue the g