is he not optimistic. mike emanuel is live on capitol hill where really mike time is running out. it is sources both democratic and republic sound very pessimistic. acknowledge the calendar crunch. take a listen to her. with 23 days left to go deadline. less time to have a plan ready to be voted on. we are now entering the critical final phase of this process and as we all know, the consequences of failure are unacceptable. now, several of the experts today hinted that failure could lead to a downgrade of the u.s. a.a.a. credit rating. moody s investor services said today it would clearly be a negative if the super committee fails but would not be a decisive factor, shep? all right. they heard from allen simpson as well today? that s right. they heard from four experts who are well known for their work in terms of this deficit reduction effort and senator simpson, the
so the key now is to make sure there s strong followup, strong execution of the plans that have been put forward. as president and candidate for re-election in tough times mr. obama was crystal clear on the domino effect of that euro zone deal. if europe is weak, if europe is not grown as our largest trading partner that is going to impact our businesses and ability to create jobs here in the united states. a bit more positive news from the commerce department. it reported that the over all u.s. economy grew at an estimated annual rate of 2.5% in the third quarter. now that s hardly a robust rate yet it is nearly double the anemic growth back in the april, may, june quarter. can this rally be sustained? can we finally set aside worries of sliding back into recession? we begin with alison kosic live at the new york stock exchange tonight. was this rally all about europe? it was all about europe, john. the european debt deal is what wall street has been waiting for, f
million last year. over the past ten years, the median family income has declined by more than $2,500. 20% of all income earned in the united states is earned by the top 1% of individuals. over the past quarter century, four-fifths of the income gains accrued to the top 1% of individuals. then senator reid got to the point. it is the sense of the senate that any agreement to reduce the budget deficit should require that those earning $1 million or more per year make a more meaningful contribution to the deficit reduction effort. now, i wish we lived in a world where we could be surprised that every republican in the senate voted against that resolution. but we all know better by now. we know that most republicans in
over the past ten years, the median family income has declined by more than $2,500. 20% of all income earned in the united states is earned by the top 1% of individuals. over the past quarter century, four-fifths of the income gains accrued to the top 1% of individuals. then senator reid got to the point. it is the sense of the senate that any agreement to reduce the budget deficit should require that those earning $1 million or more per year make a more meaningful contribution to the deficit reduction effort. now, i wish we lived in a world where we could be surprised that every republican in the senate voted against that resolution. but we all know better by now. we know that most republicans in the senate and the house took an
over the past ten years, the median family income has declined by more than $2,500. 20% of all income earned in the united states is earned by the top 1% of individuals. over the past quarter century, four-fifths of the income gains accrued to the top 1% of individuals. then senator reid got to the point. it is the sense of the senate that any agreement to reduce the budget deficit should require that those earning $1 million or more per year make a more meaningful contribution to the deficit reduction effort. now, i wish we lived in a world where we could be surprised that every republican in the senate voted against that resolution. but we all know better by now. we know that most republicans in the senate and the house took an