Page 78 - Debt Problem News Today

Transportation workers are back on the job today after republican senator jim bunning ended his one-man standoff. the retiring senator was blocking a vote to extend highway funding and unemployment benefits because he says the $10 billion spending bill is not paid for. >> as every struggling family knows, we cannot solve a debt problem by spending more. we must get our debt problems under control, and there is no better time than now. i support the programs in the bill we are discussing, and if ...

Military we have. every time you watch "meet the press" they have the latest helicopters, the latest fighter planes. we got all that stuff we are paying for. how can we have all that military cost and have a self-sustaining social welfare program in this country? how can we do it? driving people crazy with higher taxes. >> defense spending is at its smallest amount percentage of gdp in years. here is your problem with your social democracy tact. we cant afford it with the demographics weve got. ...

Italy, france, 9% of gdp. >> not just a deficit or debt problem. its a current debt problem. if you look at the countries like the baltic states, hungary, theyve had to make severe adjustment. interestingly the imf came in to help them in western urine. the juror mans and the french dont want the imf in. why? it would be seen that they failed. president sarkozy doesnt want his socialist rival dominique strauss kahn that runs the imf take any credit whatsoever for helping to achieve a greek solut...

Italy, france, 9% of gdp. >> not just a deficit or debt problem. its a current account problem. if you look at the countries like the baltic states, hungary, theyve had to make severe adjustment. interestingly the imf came in to help them in western europe. the germans and the french dont want the imf in. why? it would be seen that they failed. president sarkozy doesnt want his socialist rival dominique strauss kahn that runs the imf take any credit whatsoever for helping to achieve a greek solu...

Cut entitlement programs, medicare and medicaid and cannot reform social security. take it out of the hands of politicians, give it to a commission and essentially you may solve the problem. but there are a couple of questions here. number one, why doesnt the president use his large majorities in the house and senate to simply cut spending and get for grips with the problem. number two, what are the money men going to say, what is the financial world going to say, will they accept this as a solu...

Investors, is that the european union has been signaling its going to help the country of greece with its mounting debt problem and while its a complicated issue it is essentially driving the euro higher. its raising confidence in europe which is now being felt around the globe and, in fact, the dollar is also doing a little bit better. you can see investors are acting positively this morning. the dow jones industrial average is up about 142 points here about an hour and a half into the trading ...

The european union will likely help manage its growing debt problem. you wish your iphone could accept credit cards to ring up payments? a race is under way right now between rival companies to do just that. the three companies hope the credit card swipe feature already catch on. thats it from cnbc. first in business worldwide. david, back to you. david shuster live in washington. developing weather news to tell you about. mother natures february fury second major storm in less than a week m...

Im mike huckman with your cnbc market wrap. the dow jones industrial average finished back over 10,000, gaining 150 points to close at 10,058. it comes on the heels of yesterdays sub-10,000 closing since last november. the dow gaining on indications that the european union will help greece manage through its growing debt problem. the s&p 500 also rose by almost 14 points to close at 1070. the nasdaq picking up 25 points ending up at 2,150. more toyota troubles. the carmaker today is recalling ...

But then we have this stuff thats going on in europe, which is really sort of beating up the market over the last couple of days. hows the market going to react to this jobs report or is it ignoring it and still sort of feeling shell shocked over this issue in europe? >> well, at the moment, chuck, the jobs number is trumping concern about debt in greece. just to be clear, the problem with greece is not a big problem in and of itself. what they see it as is emblem attic of a problem with governm...

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