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the scorched earth partisan politics in washington could push america over a fiscal cliff and quite possibly into a recession if congress doesn t act. economists now say that the so-called fiscal cliff has now overtaken europe as the biggest threat to the u.s. economy. in other words, our home-grown storm has a bigger chance of causing a hurricane here than the actual hurricane that s blowing our way from europe. i ve been berating congress on this show to pass legislation now to head off a series of tax increases and spending cuts mandated to take effect on january 1st. because congress couldn t come up with a better deal to raise the nation s debt limit last year. i am not alone in my calls. the federal reserve chairman and the international monetary fund are warning congress to act before it s too late. if you get hit by another recession, you ll join me in pointing my finger directly at the political partisanship that sr. has poisoned your path to economic stability ....
tom: attention titansf wall street: unclsam wants his money back. ithese companies are in goodnough shape to afford massive bonuses, they e surely good enough shape to afford payi back every penny to taxpayers. susie: presidenobama proses billions of dollars in new bank fees. you watching nightly business report forhursday, nuary 14. nightly business report is made possible by: this program is made psible byontributions to your pbs station fr viewers like you. thank yo captioni sponsored by wpbt tom: good eveni everyone. thpresident wants banks to pay back every sine dime of taxpayerailout money they got. wants to slap them with billions of dollarin fees. susie: and the banks fire back, sang paying those fees will lead to a cutack in leing and job creation. tom: the timingf today s announcement is signicant. the first of t nation s largest banks ports fourth quarter eaings and bonuses data tomorrow. daen gersh picks up the story. reporr: as he announc ....
tom: attention titansf wall street: unclsam wants his money back. ithese companies are in goodnough shape to afford massive bonuses, they e surely good enough shape to afford payi back every penny to taxpayers. susie: presidenobama proses billions of dollars in new bank fees. you watching nightly business report forhursday, nuary 14. nightly business report is made possible by: this program is made psible byontributions to yourbs station fr viewers like you. thank yo captioni sponsored by wpbt tom: good eveni everyone. thpresident wants banks to pay back every sine dime of taxpayerailout money they got. wants to slap them with billions of dollarin fees. susie: and the banks fire back, sang paying those fees will lead to a cutack in leing and job creation. tom: the timingf today s announcement is signicant. the first of t nation s largest banks ports fourth quarter eaings and bonuses data tomorrow. daen gersh picks up the story. reporr: as he announced ....