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Will be automatic savage cuts and brittle tax rises. Neither side is budging much. It is very hard for them to say yes to me. At some point, they have got to take me out of it and think about their voters. Four weeks, the white house said that if i move on rates, they would make substantial concessions on spending cuts and entitlement reform. I did my part. They have done nothing. It would mean automatic spending cuts worth more than a trillion dollars. Taxes for the average household would go up by about three and a half thousand dollars. Most economists say the u. S. Would be put back into recession and Global Growth could be halved. The u. S. Defense budget alone would face a cut of 500 billion. Companies like aircraft manufacturers are very nervous. This is already hurting business. This is a confidence detractor. And do i really have the confidence to make an investment when i know little about just our uncertainty, but where ....
Billion to settle u. S. Allegations of Money Laundering. Our chief economics correspondent has all the details. The largest bank in Money Laundering, cartels washed through the bank. It resulted in a 1. 9 billion fine, the biggest in u. S. Banking history. The american authorities the corruption of the Financial System by drug traffickers and other criminals, and free evading u. S. Sanctions and law. They find 7 billion will be transferred between mexico and the u. S. There were 25,000 transactions involving iran. In 290 million in suspicious travelers checks were cleared by the bank. In a statement, they said they were story sorry for past mistakes. The former chairman was appointed as trade minister for david cameron. He had this to say when the allegations emerged in july. There were failures of the implementati ....
I want to sit behind a desk and treat other men as swine, just the way youre treating me. Announcer funding is provided by Carnegie Corporation of new york, celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. The kohlberg foundation. Independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. The clements foundation. Park foundation, dedicated to heightening Public Awareness of critical issues. The herb alpert foundation, supporting organizations Whose Mission is to promote compassion and creativity in our society. The bernard and audre rapoport foundation. The john d. And catherine t. Macarthur foundation, committed to building a more just, verdant, and peaceful world. More information at macfound. Org. Anne gumowi ....
Independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. The clements foundation. Park foundation, dedicated to heightening Public Awareness of critical issues. The herb alpert foundation, supporting organizations Whose Mission is to promote compassion and creativity in our society. The bernard and audre rapoport foundation. The john d. And catherine t. Macarthur foundation, committed to building a more just, verdant, and peaceful world. More information at macfound. Org. Anne gumowitz. The betsy and jesse fink foundation. The hkh foundation. Barbara g. Fleischman. And by our sole corporate sponsor, mutual of america, designing customized individual and Group Retirement products. Thats why were your retirement company. Welcome. My guest, martin wolf, says the us d ....