Live Breaking News & Updates on Authority Employer
Stay updated with breaking news from Authority employer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Quote newsmakers, senator Chuck Grassley from iowa, member of the budget, finance committee and Ranking Member on the Senate Judiciary committee. Thank you for being with me. Thank you for inviting me. Joining us with questioning is the chief washington correspondent for the examiner. We are about one month away from the selfimposed deadline for congress to come forth with the budget plan spending bill. What will it look like and will you reach the deadline . I dont believe it will be very easy for us to make an agreement between the republicans and the democrats because the democrats want to increase taxes, they want to forgo sequestration. If there is going to be an agreement, it seems to me it has to be a willingness of republicans to give something up on sequestration but only that would happen if there is a long < ....
If there is going to be an agreement, it seems to me it has to be a willingness of republicans to give something up on sequestration but only that would happen if there is a long Term Solution that we can arrive that between Social Security and medicare and including tax reform. Can that happen . I am very pessimistic it can happen but i know that republicans are going to try to work in that direction and i know that congressman ryan is working very closely with patty murray of the Senate Budget committee to try to get in that direction. It is a tough row to hoe. If thats the case, then what . Then you have sequestration which is the law of the land and republicans are generally satisfied with sequestration. Since it is the law of the land, it seems to me like it is as simple as passing a claimcr c. R. Through the house a ....
2 trillion to 3 trillion less out of it that may be regarded as its capacity, every single year. That there are more kids living at home because they cant get jobs as a graduate from school in the industrialized world than there have been in decades. You can regard that as a kind of continuing crisis is with us today. I guess that would appear to be the crisis that ought to be the preoccupation. Questions . Come to the microphone. People inre enough the room. There should be a few questions. Im going to be greedy and questions. The shock that has given us a new equilibrium . For all the others, theres a lot of talk about liquidity and its hard to tell liquidity versus the solvency and the importance of acting quickly. When you act quickly and do the stress tests, doesnt really matter if you sort out which is liquidity and which is solvency or is important thing just to divide the banks into two piles like maybe roosevelt turned the bank holiday . Andou recapitalize some wipeout others ....