fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, and economist douglas holtz- eakin of the american action forum. n.b.r. s washington bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. insofar as we get austerity, we get tax increases, spending cuts, that s going to slow the economy. i anticipate a deal so we are don t see the full, you know, $500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases, spending cuts will be a drag on growth which is really not what we would see. if i had my choice we would have more stimulus, more tax cuts, more spending, boost the economy. are we headed for european-style like austerity,. we shouldn t have to be. what we should be doing is fix the long-term debt problem. and that should happen in the spring. betwee
fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, and economist douglas holtz- eakin of the american action forum. n.b.r. s washington bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. insofar as we get austerity, we get tax increases, spending cuts, that s going to slow the economy. i anticipate a deal so we are don t see the full, you know, $500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases, spending cuts will be a drag on growth which is really not what we would see. if i had my choice we would have more stimulus, more tax cuts, more spending, boost the economy. are we headed for european-style like austerity,. we shouldn t have to be. what we should be doing is fix the long-term debt problem. and that should happen in the spring. betwee
that led to a powerful rally today, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it s expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, and economist douglas holtz- eakin of the american action forum. n.b.r. s washington bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. insofar as we get austerity, we get tax increases, spending cuts, that s going to slow the economy. i anticipate a deal
susie: optimism was the word of the day here on wall street. investors were feeling encouraged that fiscal cliff negotiations in washington are making progress. that led to a powerful rally today, continuing the momentum from friday after that white house meetingetweenredent obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it s expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, and economist douglas holtz- eakin of the american action forum. n.b.r. s washington bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean
interview with the ceo of nike. with the kick it off top global stories we are following. the cost of living barely rose in the u.s. last month. the consumer price index increased just 0.10% in september. energy prices fell and will probably drop more this month. cross your fingers the average cost of a gallon of gas is the lowest it has been in three years, $3.09. consumer prices were up just 1.7% over the last 12 months. shares of yahoo! are trading higher. the internet portal posted third beat quarter sales that estimates. marissa mayer use the opportunity to defend her turnaround strategy and she says yahoo! will keep making acquisitions. strategye a clear m&a and we will continue to seek opportunities and be smart about it. morrison meyer might have been taking a shot at star board who wants yahoo! to split up. hisloeb has a new target in sights. stakeoint has boosted its in the company and wants amgen to break up. amgen said it appreciates the perspective of all s