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Transcripts For KNTV Early Today 20110810



ride on wall street yesterday, but after being beaten and battered on monday, bargain hunters pushed markets to finish tuesday with impressive gains. nbc s steve handelsman has more. reporter: the stock markets were bouncing back the day after the big drop as federal reserve policymakers met in washington and decided against new intervention. the fed will keep interest rates superlow as a stimulus for two more years and not buy more u.s. bonds. the fed is out of bullets. anything additional it can do has marginal consequences. reporter: hearing a negative economic prediction, the markets dropped. thank you for coming out. reporter: in iowa tea party republican michele bachmann blamed president obama for the crisis. president obama and the politicians have almost doubled the national debt in five years. that s why they re in trouble. reporter: democrats slammed the gop solution. much deeper spending cuts. you cannot balance the budget of the united states ....

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