Page 54 - Debt Problems News Today

Tea party democrats to agree to what is being put out there? >> well, this is a problem. it is a red herring, and the reality, it is not truthful. we wont solve any, any debt problems, economic problems in this country that we all agree we are facing. we all agree that the government is making promising that it cant keep, and the reason that it cant keep the promises is because it is spending too much money, so that the red herring in all of this is that somehow taxing corporate jets is somehow ...

Breaks for corporate jet owners or oil and gas companies that are making billions of dollars because the price of oil -- gasoline has gone up so high. the notion that the u.s. is going to default on its debt is just irresponsible, and my expectation is that over the next week to two weeks, that congress, working with the white house, comes up with a deal that solves our deficit, solves our debt problems, and makes sure that our full faith and credit is protected. >> joining me now is gene sperli...

Right? >> no. >> sean: how did it go wednesday? >> we had an honest conversation about the state of our economy. the fact that the federal reserve is out of gimmicks. the world economy is slowing. the debt problems in europe are significant. it is really important that we not miss this opportunity to make real changes. real cuts in spending. real changes to our long term structural debt problem. this is real opportunity to address that. i dont want to miss it. >> sean: what is more important, be...

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Incident with an underling at an international conference a few years ago. he is known as dsk, in france, and in financial circles. theyre scrambling at the imf to replace him temporarily. >> he is a key figure in the last couple years, the sovereign debt crisis in europe, all of europes debt problems, dominique strauss-kahn is at the center. hes supposed to be in brussels giving a keynote and help to figure out with european leaders the way forward for europes economy. this is a shocking, shock...

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We will be keeping an ear to that. the white house clearly takes this assessment from the s&p very seriously. they did seem yesterday, i would say, carol, to downplay maybe the significance of the s&p assessment. the white house president secretary, jay carney, in the briefing yesterday, said, he and the white house and the administration at-large simply believe that the political prospects for leaders in members of congress to come together and agree on tackling the countrys deficit and debt pr...

There is a euro story going on here. the weakness that the euros earn at the level of gdp is one factor. the other is the continuing debt problems in what appears like a little bit of disarray among euro zone finance ministers and how theyll fix the problem. we have seen the euro at three-week lows. and you know, like 118.5 against the pound. the yen just a shade higher against the green back. andrew? >> it may have something to do, charles, with the fact that the central bank in japan just rais...

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The american people. >> i just never thought of you as an optimist but let me say mitch mcconnell, senate republican leader told me in a recent interview, what next? where can you see yourself coming together with the president? entitlement reform. i can see us doing that, he said. are you game at the white house for entitlement reform and what does that mean specifically? would you agree to a larger, a higher age for retirement and social security? would you agree for some sort of means testing...