Its leader. Once again, oil holding near a 5 1 2year low. Theyre recovering today after yesterdays sliding. Theyre still trading for less than 62 a barrel. Meantime, the drop in oil prices killing bonds. Bonds issued by the staterun industry have now fallen to 55 cents on the dollar. The yield is up to almost 50 , brendan. In washington, the house is set to pass a spending bill today that would avert a Government Shutdown. Yes. Lawmakers also plan to approve a twoday stop gap bill that would give them until saturday to vote on the bill. Heres house speaker, john boehner. This a marv just job. I wish it was done last week, but it wasnt, and so here we are. Im proud of the work that theyve done, look forward to it passing with bipartisan majority in the house and in the coming days. John boehner tanned, rested and ready. Many democrats are not happy with one provision of the bill that would roll back rules aimed at protecting taxpayers against bank losses caused by derivative trades. Dem
Reason i think they would say they would sign such a bill that would weaken a critical component of Financial System reform aimed at reducing taxpayer risk. The senate could pass a bill as soon as today. Are we at bottom . Not yet. Oil closing below 60 a barrel for the First Time Since july 2009. This morning it dipped to 58. 80 a barrel. Theres speculation opecs biggest members will defend market share. West texas intermediate futures fell in new york. They have plunged 10 this week. Oil headed for its 10th weekly drop sense october after opec decided against reducing output. The director of the c. I. A. Made a rare move. He held a press conference yesterday to answer questions about the senate interrogation report. John beenen said it is unknowable whether Harsh Interrogation Tactics used oner it ror suspects used meaningful results. He also described soul searching in the aftermath of the 9 11 terror attacks. The Previous Administration faced agonizing choices about how to pursue al
[inaudible conversations] are we ready to go . Great. Welcome to todays launch of the council on Foreign Relations and the pendant Task Force Report north america time for a new focus to rid the cochairs hear Robert Zoellick of course, somebody who i think last time i interviewed you we were both in sudan. So thank you very much. Shannon oneil, director and cochair, David Petraeus i think last summer i into the jew we were in iraq. So its good to be in a slightly more tame environment. I want to get right to the question of why now, why this . Reading newspapers, the attention, the focus of this administration clearly on Foreign Policy, current prices the in the middle of these, please to the idea of a pivot to asia and effectively what youre talking about in the Task Force Report is a pivot to north america. So why . Its time for a new focus. The reason is when you come back to it, our number one and two trading partners are our two neighbors, not other countries or regions of the wor
Infra infrastructure infrastructure, not taking care of what we have and we are not being as smart as we could be about how we use the assets that are out there today to advance mobility and get people moving again. Rose we conclude this earning with Jorge Castenada and Shannon Oneill looking at mexico today and tomorrow. The real issue today for me charlie, is whether he has been so weakened two years into his sixyear term that what he did already is really all he is going to do and that from here on a very sort of lameduck for four years is going to have to administer a stagnant economy. The numbers will be out in a couple of weeks for 2014. The economy grew 2 , significantly less than the United States when normally we tend to grow a bit more than the United States when the United States does well. Thats really for me the central issue. Can he get the economy to grow . Has he been so severely weakened that he wont be able to . And is he able to have a new beginning . There is nothin
Infra infrastructure infrastructure, not taking care of what we have and we are not being as smart as we could be about how we use the assets that are out there today to advance mobility and get people moving again. Rose we conclude this earning with Jorge Castenada and Shannon Oneill looking at mexico today and tomorrow. The real issue today for me charlie, is whether he has been so weakened two years into his sixyear term that what he did already is really all he is going to do and that from here on a very sort of lameduck for four years is going to have to administer a stagnant economy. The numbers will be out in a couple of weeks for 2014. The economy grew 2 , significantly less than the United States when normally we tend to grow a bit more than the United States when the United States does well. Thats really for me the central issue. Can he get the economy to grow . Has he been so severely weakened that he wont be able to . And is he able to have a new beginning . There is nothin