Thomas E. Mann and Norman J. Ornstein recently wrote a column for the Washington Post with a provocative headline: “Let’s just say it: The Republicans are the problem.” Their thesis was that they had never, in 40 years of observing Congress, seen the institution behave in such a dysfunctional manner. They wrote that while they…
InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the debt-ceiling debate weighing heavily on global capital markets, investors need to be…
weapon of mass destruction and it would have been preferable to take the debt ceiling fiasco off the table. lack thereof, then. what s your feeling on the compromise? the president coming forward with 400,000 and the first 400,000 not having a tax increase. would you be fine with that number or no, i wouldn t. i would support it if it was part of an overall bargain and the numbers would have made it up and we would have made up the revenue with tax code changes, but if we have this temporary situation, i actually hope that the president will stick with the 250 and that s what he campaigned on and he s got strong support in the senate and in the house and it would put us in a better position. you would be fine if the revenue numbers looked good enough. yes, i would. the president has been very good on the revenue side and, you know, even at a million, mr. boehner couldn t get them to
the dark. our congressional correspondent kate bolduan is on capitol hill looking into the story. kate, what s going only here? this was not supposed to be like this. reporter: hey there, wolf. i m standing out front as people are passing by. behind me is this nondescript room. this is where the super committee will meet again this evening behind closed doors which has some government watchers, since this committee has such a huge job before them, some government watchers are calling this approach troubling. good morning. reporter: the so-called super committee began its work with a promise of transparency. i believe the american people deserve to have full access to committee business the way they do with every committee here in congress. there will be ample opportunities for the public to have their opinions heard. reporter: but with just seven weeks before their thanksgiving deadline, the committee has met in public only three times. the 12 members meeting more
first as we head here into the labor day weekend with a brutal report on the job market. basically, it has come to a grinding halt. the unemployment rate for august didn t budge an inch. here you have the number. it is still sitting at 9.1%. the net number here, that s the important part. the net number of jobs created in august. zero, none, goose egg. private employers did add 17,000 jobs last month. but do the math. government eliminated 17,000. so the net change is zero. this really is a once in a blue moon event. if you think about it. the last time the bottom line on jobs was zero was all the way back in february of 1945. 45. that s before the baby boomers were even born. the weakest jobs report in almost a year comes amid consumers wavering confidence in the economy. we ll been following that jumpy volatile stock market. on the heels of the big debt ceiling fight and washington s credit downgrade. you throw all that together, then you look ahead here. we re less than