Certainty and make sure the country grows. Tom the president rejected the proposal republicans presented him yesterday. It would cut the debt by 2. 2 trillion over ten years, but would not raise taxes on americas highest earners, the biggest sticking point. The two sides seem to be allowing themselves room to bargain. The president said today hed be open to lowering tax rates for high earners later next year as part of a broad tax reform package. And Senate Republican leader Mitch Mcconnell did not directly endorse the g. O. P. Plan. For now, House Speaker boehner put the ball in the president s court, releasing a statement the president now has an obligation to respond with a proposal that can pass both chambers of congress. Susie we turn tonight to other opinions on the fiscal cliff impasse. We talk with the chairman of the National Governors association, and we also hear from a leading advocate for responsible fiscal policy. We begin with governor jack markell, the democrat from del
We talk with delaware governor jack markell. Susie im susie gharib. A coalition of the nations top c. E. O. S is feeling pessimistic about getting a fiscal cliff deal. The groups leader joins us, maya macguinneas. Tom and Luxury Fashion meets the mass market. Who wins with targets pairing with Neiman Marcus . Susie that and more tonight on nbr tom there wasnt much obvious ground given today between president obama and Congressional Republicans in the effort to avoid the fiscal cliff in january. President obama repeated his pledge hes open to new ideas, but is holding firm on his call for higher taxes on top income earners, something missing from the g. O. P. Plan. With just three weeks left, the two sides are still at odds with their opening offers. Th time ticking away to reach a deal before tax cuts expire and spending cuts hit, president obama today said hes still optimistic a deal will be done and hes willing to compromise, but negotiations just arent there yet. Its going to requir
The markets suffered a correction. The more concerned some investors become. Despite this the next guest says investors should get invested and stay invested in equities. Hank smith is chief Investment Officer who manages 6. 5 billion in assets. Welcome and thank you for sharing your insights with us but i got to be the contrarian and the contrarians have been wrong since january saying Global Market will lose steam and get a correction and we havent seen it yet. Even julie we will so isnt it time to take profit . Eventually we will but at higher levels. Therefore you are not doing yourself any good. Lets forget that the market is up 26 this year and lets focus on this. The economy is expanding, profits are rising, Balance Sheets are in exceptionally good shape, we are flush with cash, valuations are reasonable, not attractive or undervalued. What is not to like about that scenario . Dennis in the past earnings season we have seen some companies missing on revenue. Earnings they are ma
Ever since the us walked away from the iran nuclear deal, the eu has stood firm until today. France, germany and britain known as the e three have now triggered a formal dispute process for violating the deal. That said heres the eus Foreign Policy Chiefjosep Borrell tweet josepborrellf preserving the nucleardeal is now more important than ever. Maybe so, but hell know its also harder than ever too. And this process could end with a return of eu sanctions on iran. Here is mr borrell earlier. The objective is therefore to find solutions and return to full compliance within the framework of this agreement. Let me say this clearly. The dispute resolution mechanism which is going to be greater now is not about reimposing sanctions. So, the message from the eu remains, in part, conciliatory. The same cant be said for borisjohnson. The problem with the agreement is that from the American Perspective its a flawed agreement, it expires, plus it was negotiated by president obama. And it has mea
Pro-nuclear pundits are using push-polling tricks to sway opinions which include biased preliminary comments, biased questions, limited response options and misreporting the findings. Jim Green reports.