Page 33 - Debt Problem News Today

Challenges that this congress is going to take up, immigration you gun control, climate change, violence against women, do you expect any possibility of meaningful reform, meaningful legislation on these major issues? >> i do if we can solve the debt problem. if the debt problem dissolves into poisoned pills and a horrible acerbics a not fear, every ebb is at each others throats, the chances of having compromise on those issues, compromise that moves the ball ahead significantly, goes out the wi...

Limited degree of certainty about the tax rates that upper income people will face. so we will go up 200 points at the opening bell. how long it lasts is another story entirely because eight weeks from now we face another cliff. that is the debt ceiling cliff. and again that debt problem is thus far unresolved. arthel: so more headaches to come? >> yes. arthel: oh, boy. stu, many lawmakers wanted to get the deal to prevent a negative impact on the economy. here is michigan congressman sander lev...

Do we go off the cliff. the next big question for businesses before they release a trillion dollars in capital or $2 trillion they have been sitting on the sidelines with, do we have the sent to continue to invest in this -- certainty to continue to invest in this economy and new hires that is the question that the president ultimately has to answer at some point. >> bret: the yeas, 103 and nays 56. a little more are than ten minutes left in the vote on the motion to pass the senate legislation ...

And the democrats. i dont think actually that the president gets away with saying that the debt ceiling debate is nonnegotiatable. that the debt ceiling increase is nonnegotiable. what you will flare business and market watchers and the markets themselves in the weeks to come is we have a major debt problem and someone has to get around to dealing with it. >> bret: we heard it from simpson bowles and the deficit and debt commissions. >> and they will keep talking and that is a problem. the presi...

Breaking news this hour, 11:46 eastern time, about 45 minutes ago a deal was passed in the house and will be sent to the president. we are getting reaction. we got this from speaker boehners office. he voted for in this concurrence, this bill that went to the house floor. he brought it to the floor for the up or down vote. he says that the federal government has a spending problem that has led to a $16 trillion national debt that threatens the country to the future. on the day after the election...

What are you hearing at this moment? is there progress at this time? >> well, we are hearing that there has been progress between vice president biden and senate minority leader mitch mcconnell. still we are nearly 12 hours from the cliff. we dont have a bill. there has actually been a stunning lack of urgency on cant toll hill. on the default showdown, the government shut down there was more urgency. here there just isnt that urgency, maybe because the markets havent been the roller coaster we ...

You heard what lindsey graham said and do republicans pass whatever it is that the senate agrees to? >> i think the odds are some what better than 50/50, chris, that we get a minimal deal in the senate. not one that solves our debt problem as you pointed out earlier and this is all just a prequel to going over this again around the first of march over the debt ceiling. the real question is in the house of representatives and will it be enough of a compromise that enough republicans can vote for ...

Previously and the previous panel pointed out it doesnt solve the problem. just raising taxes on the wealthy doesnt solve the debt problem. people will pivot and start focusing on that and as we approach the debt ceiling as we saw two years ago the republicans have more leverage. why? because at that point the president will be requesting to borrow another $2 trillion or $3 trillion and that doesnt poll well with the american people that is why the republicans have a stronger and then. at the ha...

Continue to trend downward, but at 13,000, thats still a good price for the year, were up about 6% and thats actually where we thought we would be at the end of this year, so, i think were in good shape. the economy is ready to grow next year. china has bottomed, europe has stabilized so there are some things in place that can help offset these additional taxes and cuts to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force...

Ceiling just over a year ago is going to likely end up as an effort to expand the size and scope of government. thats something that can only happen in washington. >> eric: both of those guys make very good points. a lot of people are asking why would you say go over the fiscal cliff? i have a lot to lose if we go over the fiscal cliff. my taxes would go up. im heavily invested in the stock market. it will probably take a big hit. but in the long run, the only way to solve americas debt problem ...