Page 49 - Debt Problems News Today

A new report on the labor market is out today. and we are watching to see how wall street will react. thats because last weeks report helped send the dow tumbling more than 200 points. alan is at the new york stock exchange with details. allison, what are the new numbers? and how are investors taking it? >> i will tell you what. unemployment claims are finally moving in the right direction. so we are expecting stocks to move modestly heyer today. we found out that new jobless claims plunged by 4...

The blue chip average closed below the 10,000 mark yesterday and were in new york with all the details on this. so great to see you. i want to ask you though, how significant is this and what should we expect from stocks today? >> reporter: i know. its good to see you as well. its one of those things we talk about a lot. dow 10,000 and whether it has a lot of meaning. first of all, we are expecting a nice rally at the open. there is hope about the debt problems overseas with european officials s...

Market lower extending a four-week run of losses. concerns over debt problems in europe have raised concerns. the tabloid wars could get expensive for one british publication, brad pitt and angelina jolie are suing "the news of the world" for printing false rumors about their marriage. the newspaper claimed the hollywood couple visited a divorce lawyer in december to begin working out a deal. that lawyer said he hadnt been contacted. george w. bush is back on a billboard, that is. a big sign...

Obamas budget. think about that for a second. even if we give bush full credit for disastrous year that he wasnt even in office for, for good measure we add in bill clinton for no other reason, the total combined of these two is still -- hello? maybe steam sometimes i overgeneralize and sometimes i say this stuff has been happening for a long time in both parties. it has. both parties stink on ice. the republicans suck-o-rama. but so do the democrats. but we have never seen anything like preside...

Obamas budget. think about that for a second. even if we give bush full credit for disastrous year that he wasnt even in office for, for good measure we add in bill clinton for no other reason, the total combined of these two is still -- hello? maybe steam sometimes i overgeneralize and sometimes i say this stuff has been happening for a long time in both parties. it has. both parties stink on ice. the republicans suck-o-rama. but so do the democrats. but we have never seen anything like preside...

Amount of debt. accumulated a staggering am of debt and problems with medicare certainly are not helping. economists have said more medicare benefits promised thaten the government can pay for and in the end the system may prove to be fiscally unsustainable. dont want to hear those words do you? jim angle is in washington, d.c.. medicare has been at the center of the health dare debate and sounds like center of the debt problems too. >> very much so medicare is titanic of entitment programs seni...

There is going to be nothing left in the budget. >> reporter: the nation is at a crossroad, because the debt problems have to be addressed now, before tens of millions of baby boomers retire. and the bills come due. the fact is, we have been spending like the proverbial drunken sailors with one big difference, drunken sailors cannot spend money they dont have. martha: jim angle, thank you very much as we wait for the president to come out and address the nation. bill: a bunch of drunken sailors,...

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Saying he could not be there forever, and today he is making a.the. they know how things were before the hurricanes. what is his notion as far as what you can tell from the people around him, about what this gets him saying you had debt problems and infrastructure problems and somehow that means that what happened with the hurricanes is understandable? >> there has been a pretty shared sentiment extensively within the administration that the issues with puerto ricos debt and its infrastructure a...

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