it s not showing an extension of all of that terrible selling in the last couple of days. what s happening? for the moment, it s not, christine. the europe peern markets an mar minutes ago. the markets you said in your introduction showed asian markets losing quite a bit overnight. some of those markets hitting lows we hadn t seen, in fact, since last year or even the year before that. nikkei should point out end of the day up to the tune of about a quarter of 1%. the stock market, same here in europe. losses earlier on to today s session. firmly in the green for the moment. we ll, of course, have to see how the united states market bets trading, sort of dictate the trend heading towards the end of the week, christine. one of the reasons everybody s so worried or perhaps elated, on a positive note, we had the 23 the g-20 meeting. economists saying there seems to be a growing debt between what economists and the market says it should be and what politicians can realisticy d
crossing, i know you don t have access to this but jack lew speaking with jay carney at the press briefing, one of the things he s saying is one way the bill will be paid for will be tax increases, including limiting deductions on families that other than more than $250,000, so they could eliminate itemized deductions. susan, that looks like that s the stance from the white house. we don t have the details, we ll get those next week from the president, but we re almost into the middle of the month and september 30th is an important date and deadline and explain why that matters within this conversation we re having now about the jobs bill. well, september 30th is the end of the spending year. beyond september 30th, we have to have a whole new set of legislation to pay for the upcoming fiscal year. that s not agreed to yet. so i think at this point, you re going to see some fighting over a stop gap spending bill to keep the government funded in much the same way you saw earlier this y
are going to collide here. you have this jobs agenda coming through congress but you also have the fact that congress has one legal obligation, which is to fund the government, is rapidly coming to a deadline september 30th and those two things are going to hit head on in congress and they re going to have to deal with all of this, probably with a stop gap spending bill and just to carry them over until they can come up with a larger spending plan for the rest of the year. jenna: and that really puts both parties in a difficult position, doesn t it, because if the government looks like it might shut down but there s still no jobs bill or nothing done to help jobs, then we ve seen the approval ratings for congress from the american people. we ve seen the hot seat they re in. that being said, chris stierwalt wrote in his power play today that what we might see is a strat as strategy from the republicans is the passage of smaller job bills that could help employment. we don t know what
have imagined. we begin with two major questions. deal or no deal? and open or closed? president obama wants a deal, so he s brought the republican speaker of the house and the democratic leader of the senate back to the oval office in search of a plan to keep the government running for the rest of the fiscal year. that s a little less than six months. if they don t come to terms, every federal office or function or tourist attraction not considered essential will close up shop. beginning saturday. congressional staff members are finding out as we speak whether they ll be furloughed or required to keep working if the money runs out. and the same thing is going on in federal workplaces all across the country. the house will vote today on yet another stop gap spending bill. a one-week measure combining $12 billion in immediate cuts with six months of funding for the pentagon. the president says he will veto that. cnn s tom foreman is manning our countdown desk in d.c.
that? because it is helped to be sold to the fellow republicans, and there is no stomach at all from at least mostly republicans and even democrats and the president himself to do another stop gap spending bill, but there is also a political desire, don, among the republican leaders to not get the blame if there is a shutdown, so they will try to put this on the floor of the house, again, we are told by several sources likely tomorrow. trying to say, look, we are trying. dana, let me jump in here. because if this is the same effort put forth by republicans, democrats have said no to this temporary $12 billion troop-funding bill. yes, they have. which they call the troop funding bill, and they have said no, but it won t stop them, because it is, you know, i hate to say it, but it is besides the point, because the goal for republicans in putting this on the floor tomorrow is as we expect them to do at this point is to say, look, we are trying. we are trying the do something