and if you let the recovery stall, if you let us go into a vicious cycle of no growth or low growth, then you end up as a percentage in percentage terms of having a bigger debt problem than you would if you imagine to stimulate growth. do you think the republicans if they were in power right now would really be cutting spending right now? would they really be doing that at a time they are barely getting out of this recession? i know what they d do. they d reform entitlements which are killing the long-term that s not going to help us get out of this recession. think about the long term. s&p said that we are lost our aaa rating because of the lack of leadership from people like president obama. we need he offered your guys a deal. they wouldn t take a 10 to 1 deal. john, you are out of date here. you know the president would you take this fight up? wasn t the president, he was ready to cut the worst deal for the liberal side of things and your guy said no deal. the tea
financial times, moody s has put the uk, france and austria on negative outlook. raising the prospect that all three could lose their aaa rating, due to the eurozone debt crisis. yesterday, moody s downgraded the credit ratings six other euro countries, including italy, spain and portugal. and the washington post says tensions are rising between israel and iran after a pair of failed assassination attempts in new delhi, a man on a motorcycle attached a bomb to the car of an israeli diplomat. no one was killed in the attack. there was also i think it s always so cute, when the iranians try to imitate what mossad does, it s a cute, it s cute. kids trying to keep up with the big boys. it didn t work. a foiled bombing also in georgia, israel immediately blamed iran for the attacks. the use of sticky bombs attached to cars by magnets appeared to mirror recent killings of iranian nuclear scientists that tehran blamed on israel. from our parade of papers, a headline that sounds like i
it s how big the economy is our children will inherit as well? and the percentage of gdp. in fact, if you let the recovery stall, if you let us go into a vicious cycle of no growth or low growth, then you end up as a percentage terms of having a bigger debt problem than you would if you managed to stimulate growth. do you think the republicans if they were in power would be cutting spending? would they be doing that at a time we re barely getting out of the recession? they would reform entitlements, which are killing the long-term. that s not going to help us get out of the recession. you have to think about the long-term, chris. s&p said we lost our aaa rating because of lack of leadership. he offered your guys a deal. they wouldn t take a deal. john, you re out of date here. you know the president was gene, you take this fight up.
the first prime minister has been indicted. mr. gilani entered a plea of not guilty. the court demanded he ask swiss authorities to revive corruption charges against president zardari and others. an autopsy of whitney houston has revealed no signs of foul play but could take eight weeks to get toxicology result. attempts of resuscitation failed on sunday after she was found unconscious in the bathroom of her hollywood hotel room. those are the world headlines. i m monita rajpal. world business today starts right now. good morning, from cnn london, i m nina dos santos. and very good afternoon from cnn hong kong, i m manisha tank. amid anger on athens streets, politicians try to pull greece back from the brink, approving a new round of deep spending cuts that may help the country head off a messy default. rupert murdoch to the rescue. the news corp. chief flies into london while journalists at his best-selling british tabloid are arrested. and friends and colleagues
good evening. tonight, mitt s taxes. now, romney is caving in to the mounting pressure. fz. i think both president obama and hillary clinton released their taxes in 2008. just strikes me that governor romney ought to step and follow the same procedure. i don t know what my effective rate of tax is, but i m fairly confidence it s a lot higher than 15%. mitt, we need for you to release your income tax so the people can see how you made your money. we know why releasing is so hard for mitt. he plays a tax rate closer to 15% and part of the reason why is a loophole. not only legal, but pretty standard, but it doesn t feel fair and square. when you re a partner in a private equity firm, you get a cut of the profits you make. usually, 20%. now, stay with me because what happens here adds up to tens of billions of dollars in lost tax revenue for america. say my buddy, will, you ve probably heard me talk about him. say he invests $5 million in bain capital. and mitt romney, a