Page 48 - Debt Problems News Today

Listen to the argument that he made on this point earlier tonight on the senate floor. >> we must get our debt problems under control, and there is no better time than now. that is why ive been down here demanding that this bill be paid for. i support the programs in the bill we are discussing, and if the extension of those programs were paid for, i would gladly support the bill. >> reporter: now, anderson, we have seen evidence and examples i have firsthand of senator bunning being ornery and d...

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 ...

If that happened it could slow the recovery and its a precarious time for the economy. investors jumped up and cheered ben bernanke after he said he was staying the course. and then the debt problems in greece may be getting worse. as i was saying, we are looking for triple digit losses out the gate. and thats what we have. the dow off 137 points. and so no, as i was saying, no, not another rally, at least not to start. >> gosh, okay. shut me down. thank you, steph. definitive. there we go. lets...

Go up, explain how that relieves us, our debt problems. >> what it does is it takes your -- look, suppose you got about $100 worth of bonds. you get 4%, 6% inflation, the real value of that bond falls dramatically. falls. people are saying, wait a minute. i need higher interest rate if im going to buy this trash. all of a sudden our interest rates start going up. and this is what bernanke is saying. that the united states is risking, he said, from what i read he said yesterday. >> we got a probl...

Pretty far pretty fast. yesterdays rally that youre talking about was the third triple-digit gain for the dow in five sessions. think about it. last monday the dow closed at its lowest point for the year, just below the 10,000 mark. today its around 10,300. its definitely made some headway. the rebound is all about confidence. and thats the bottom line. debt problems in europe, im talking about specifically greece, they look like theyre under control. what that means is that investors here can f...

Scrutiny. theyre really paying attention to folks in high income brackets. if youre taking lots of deductions for all kinds of fun things like travel and entertainment, you better be careful, you better watch out. if you earn $200,000 or more, kyra, you are 50% more likely to be audited. so the more you earn, the more the irs really takes a close look at what youre filing. kyra? >> all right, keep our fingers crossed but were listening to your tips. dont look now, but stocks are on a roll. the...

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Gained so much clout its effectively more powerful than the government of tehran. >> the government of iran, the supreme leader, the president, the popularment, is being supplanted and that iran is moving toward a military dictatorship. now, that is our view. bill: secretary clinton saying the u.s. is focused on gaining international support for more sanctions that will specifically target the revolutionary guard. more on this in a live report during our next hour here. >> here in "americas news...

Didnt go over a cliff. >> diane, lets talk about -- we touched on this a little earlier, the fact that this did give us -- this and the bailout, look, it all gets us into more debt in the united states. that debt ends up costing us in the future. but its already costing us a little bit now as we see fluctuations in the u.s. dollar. in other words, some loss of faith in the u.s. governments ability to perhaps pay its bills over the long-term. are these fears founded? >> i think they are. and one ...

Ability to perhaps pay its bills over the long term. are these fears founded? i think they are. and one of the reasons as i said earlier is one way to get out of debt is to inflate your way out of the debt. whats saving us right now is the fact that the rest of the world is in trouble too. >> david, you know, were looking at greece and the fact that their debt problems influence our stock markets here in the united states. a lot of the u.s. did what the u.s. did. they put their own money into st...