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President wanted a grand bargain, with much deeper cults, but the republican speaker john boehner walked away from it. this is also why there is going to be a lot more pressure on the leaders in both parties the white house and congress with the superer committee that will be formed to come up with much deeper cuts to really get that debt down. bret? bret: ed henry live on the north lawn. thank you. oil tumbled to a six-month low on worries about the global economy. december futures fell 6%. $5.30. 6% down. to 86.63 a barrel. gasoline continues to hover around $3.70 a gallon. right now. stocks in europe were also down, markets in much of the continent lost more than 3% of their value. the head of the european central bank is hinting he may buy more bonds from the most troubled governments in an effort to calm markets worried about italy and spain. those nations have seen their bond prices fall of late. european officials have already given bail-outs to ireland, portugal and, of ....
Markets has sent stocks plummeting today and fears of a new recession. the dow jones industrial average has taken a beating. we were down more than 400 points. off more than 3 percent, now, all three major indexes with a potential of correction territory. this has completely erased the gains this year. oil fell 6 percent today. it is now off, down to $86.63 a barrel amid concerns the showing economy will cut demand. u.s. job creation is weak as corporate profits are growing and consumer spending dropped. the latest numbers show u.s. incomes rising but only barely. what is happening overseas, though, is driving markets into critical territory. emergency response teams from the european central bank are ....
President wanted a grand bargain, with much deeper cults, but the republican speaker john boehner walked away from it. this is also why there is going to be a lot more pressure on the leaders in both parties the white house and congress with the superer committee that will be formed to come up with much deeper cuts to really get that debt down. bret? bret: ed henry live on the north lawn. thank you. oil tumbled to a six-month low on worries about the global economy. december futures fell 6%. $5.30. 6% down. to 86.63 a barrel. gasoline continues to hover around $3.70 a gallon. right now. stocks in europe were also down, markets in much of the continent lost more than 3% of their value. the head of the european central bank is hinting he may buy more bonds from the most troubled governments in an effort to calm markets worried about italy and spain. those nations have seen their bond prices fall of late. european officials have already given bail-outs to ....