Welcome to cnn newsroom. Im suzanne malveaux. Were keeping you updated on the news here in the United States and around the world. Former egyptian president Hosni Mubarak being transferred to a hospital for medical treatment. The countrys state prosecutor ordered the transfer. Mubarak is serving life in prison for his role in the killing of demonstrars in egypts recent demonstration. Ian is live in cairo. Ian, what are we learning about mubaraks condition right now . Reporter suzanne, right now hes in stable condition. Hes had three fractured ribs after slipping in the bathroom. The general prosecutor ordered that he be taken from torah prison to a Military Hospital for more specialized treatment for his condition. His lawyer told us that he has been angry with the fact that mubarak hasnt been getting treatment he believes he deserves in the prison hospital, so hes glad to see that mubarak is moving to the Military Hospital. And , ian, do we expect that anybody is reacting to his condi
Continuing with his purchases of about 40 billion, also 45 billion treasuries. These guys certainly have not forgotten, benefiting from it. Liz probably not a good sign for global change. Plunging more than 8 earlier today. That is the biggest drop since 2008. This is the index giving investors inside the Global Supply and demand trends by measuring changes in the cost to transport things like raw material. Often considered a leading indicator of future growth. David while gold could not get the pop a lot thought it would, look at oil, up over 1 . It was a little higher, ending off of session highs, but they were encouraged by the fact not only was ben bernanke going to be printing more money but also the china seems to be gaining little bit of steam. Good day for oil traders. Liz purchasing 85 billion in bonds per month saying it will keep rates low until we see the implement rate fall below 6. 5 . That is historic, folks. And then said probably mid2015, which is what they have said a
And expectation is everybody has learned that theres no reason why we cant work on the issues at hand. So hopefully thats a lesson that will be internalized and not just by me but also by democrats and republicans not only the leaders but the rankandfile. Thanks very much, everybody. Mr. President , will this happen all over again in a few months . Well for the first time in 17 days the federal government is up and running this morning, a final congressional vote last night, capped an ugly drama on capitol hill where partisan politics drove the nations economy into the very brink. In the end lawmakers avoided defaulting on the federal debt but nevertheless theres plenty of damage to go around. 87 House Republicans joined democrats in supporting legislation to fund the government into early next year while raising the debt ceiling to cover whats already been spent. Not a single democrat opposed it. On the senate side 18 republicans opposed the bill among them ted cruz, mike lee, rand pa
The Obama Administration would like to see it raised to over 0 but he was on television yesterday when he said it should be done. Maybe you agree with him, maybe you dont. But in our first 45 minutes we want to let your thoughts be known on the minimum wage that romneys stamente if it should be raised and heres how you can reach out to us. A wide ranging interview with mitt romney talking on a lot of issues but also discussing the possibility of raising the minimum wage. The first line from this piece former Massachusetts Governor thursday morning says he supports the increase breaking with many republicans who have stood against it. Heres a bit of what he said yesterday. Well, different members of my party have different views on those different vuzz. I for instance as you know part company with many of the conservatives on the issue of the minimum wage. I think we ought to raise it because frankly our party is all about more jobs and better pay and i think communicating that is impor
By suggesting one. Chairman carper, youre recognized. Mr. Chairman, to you, our friend, Ranking Member cummings, to our colleagues with whom dr. Coburn and i have worked including the fellow from utah, most recently on really surplus property, access properties, wasted properties. I have a prepared statement im going to ask if we could be included in the record. Without objection. Both of your statements will be required we are not running a clock on you. This isnt the senate. Bear that in mind. [laughter] i like to think, first of all thank you for this thing. Thank you for giving us a chance to participate. Last year when we were new in our positions as Ranking Member and chair of the Homeland Security Government Affairs committee we invited both you and represented coming to come and bleed off are hearing on reform. Im courage to report today i think dr. Coburn and i have been working on bipartisan legislation. I think we are close to hammering out the final details. Report on the b