Stay updated with breaking news from Tom hudson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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, thats going to slow the economy. I anticipate a deal so we are dont 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 europeans ....
Will bring justice to the families of the men who died when the deepwater horizon exploded. Perhaps the greatest tragedy is that the deaths of the 11 men on board the deepwater horizon could have been avoided. The explosion of the rig was a disaster that resulted from b. P. s culture of privileging profit over prudence. Reporter b. P. Has agreed to plead guilty to 11 counts of felony manslaughter and one felony count of lying to congress. In addition, two b. P. Supervisors on the deepwater rig have been charged with 23 counts of manslaughter. Another b. P. Executive was charged with lying to congress. B. P. Will also pay a record setting 4 billion in criminal fines and penalties. Thrown in with the criminal charges is a civil settlement with the securities and exchange commission. B. P. Will pay more than half a billion dollars to settle charges it lied to investors, telling them the macondo spill was onetenth its actual size. B. P. Executives made numerous public statements in which t ....
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, thats going to slow the economy. I anticipate a deal so we are dont 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 europeans ....
Settlement and criminal pleas will bring justice to the families of the men who died when the deepwater horizon exploded. Perhaps the greatest tragedy is that the deaths of the 11 men on board the deepwater horizon could have been avoided. The explosion of the rig was a disaster that resulted from b. P. s culture of privileging profit over prudence. Reporter b. P. Has agreed to plead guilty to 11 counts of felony manslaughter and one felony count of lying to congress. In addition, two b. P. Supervisors on the deepwater rig have been charged with 23 counts of manslaughter. Another b. P. Executive was charged with lying to congress. B. P. Will also pay a record setting 4 billion in criminal fines and penalties. Thrown in with the criminal charges is a civil settlement with the securities and exchange commission. B. P. Will pay more than half a billion dollars to settle charges it lied to investors, telling them the macondo spill was onetenth its actual size. B. P. Executives made numerou ....
On the other hand, going over the cliff might mean a recession. On top of that, worries about a deal were already causing trouble. Uncertainty about how the fiscal cliff, the raising of the debt limit, and the longerterm budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. Susie wall street and Business Leaders were pleased that bernanke was talking tough. And they said the feds role in the fiscal cliff negotiations is to communicate. Tell the world and the individuals in the political establishment that they have to help get their act together or we have a problem, and that notion of preaching from the pulpit that he has is very fundamental. Susie is there another role or more of a role for the fed . I think to be a cheerleader and to be on the sidelines telling the government they have to do w ....