Page 60 - Debt Problem News Today

>> we have to lower those taxes. >> i dont think the president will win it. >> why is congress still on vacation? and a guy who has a lot to say about this economy and this country, trace atkins, tv personality and all-american guy. this is "piers morgan tonight." good evening. its been another bad night on wall street. the dow closing 520 points totally erasing all of yesterdays gains. asian markets reacting as i speak to the plunge. europe will follow in a few hours. is market turmoi...

this is "piers morgan tonight." good evening. its been another bad night on wall street. the dow closing 520 points totally erasing all of yesterdays gains. asian markets reacting as i speak to the plunge. europe will follow in a few hours. is market turmoil the new normal and what can you do to keep your money safe? joining us is leigh gallagher, ali velshi and kai ryssdal, and carmen wong ulrich. weve seen record fall, record rises and record falls again. yet again i ask you, what th...

at least for the moment. stocks bounced back in early trading today, after mondays 634-point plunge. right now, dow blue chips are up by 201 points. investors are psyched over todays fed meeting, and theres speculation it might announce a new stimulus. to boost the economy. president obama sits down with treasury secretary timothy geithner. thats happening this afternoon. theyre going to size out the new market turmoil that is fearing -- that is fully feeding fear of double-dip reces...

Rating. >> president obama characterized as political system as dysfunctional. that is a good work. we got to a position we were ten hours from having a major cash flow. this does not happen in other countries. >>shepard: he said the united states needs a bipartisan plan to deal with the long-term debt problem. as you know we are far from that. the president said he is on the miss politic there is a viable solution. >> not a lack of plans or policy that is the problem. a lack of political will i...

Percent and worries that italy and spain could become the next greece. today, london with the latest from david. it looks like everyone at once just ran out of options. what happened? >>guest: it was as though someone shouted "fire," in a crowded cinema and everyone headed for the exit. that is what was happening not u.k. markets out of 100 shares in the ftse only four were in positive. the rest were negative. during the day it looked everything was under criminal until the e.u. commission presi...

bank, their equivalent of ben bernanke gave a speech had morning and they said their economic growth is slowing, and traders took it as a note to say things are more serious than we thought. you combine that with the fact that the japanese central bank intervened to prop the yen up, and theres a fear that everybody is doing badly and nobody is there to pick up the slack. basically is that what is happening. money is coming out of the stocks. when you see that happening, it comes out of...

of congress packed up and went on vacation. so now 4,000 faa workers are not being paid. tens of thousands of others involved in airport construction and maintenance are also off t job. and some $25 million are being lost every day in taxes because there is no one there to collect. that is more revenue lost in one hour than you will probably pay in your lifetime because congress members cannot reach an agreement agreement. weill tear into this developing dispute in just a moment, but h...

Said, let me read quotes about this debt limit. i found some pretty extremist quotes. heres one. let me read you what it says. the fact that were here to debate raising americas debate is a sign of leaderships failure. america has a debt problem and a failure of leadership. americans deserve better. i oppose the effort to increase americas debt limit. a quote from a tea party extremist, right? no. this is a quote from march 16th of 2006, from senator barack obama of illinois. yet now these same ...

9:00 am on the east coast, 6:00 am out west. marathon talks lead to a new debt deal. at least in theory. the president backs it. so do leaders of both parties. still, no reason to celebrate just yet. in syria, a violent crackdown on anti-government protests. more than 7 0 people killed and counting. and new this morning, a big change to health coverage. the federal government will require insurers who provide birth control without co-payments. now, in just a few hours, we could s...

this "american morning.". busy weekend. good morning, august 1st. a lot going on today. >> it was an agonizing weekend and we were all up late last night. e-mails flying at midnight. >> it was busy. >> but things are a little brighter today than they were last night and saturday night and a little brighter. >> tiny bit. we start with that possible break-through in the debt ceiling crisis. in a few hours the house and senate are expected to vote on a plan by president obama and congre...