Deleveraging Process News Today

The congre excuse meer is comin back? >> households went into this recession very leveraged. and this means borrowing less, saving less and spending more. thats one of the big challenges of getting yourself out of a financial crisis is that process. we have seen that process work its way tlig for more households, more for households at the top than at the middle or the bottom. so consumer spending has been strengthening and i would expect it would continue to stay robust. >> we might be an accel...

Of control. there certainly has been some progress but crews here concerned about the weather conditions. its going to be a long day on the front lines. back to you. >> thanks to miguel for all of his coverage out there. there are renewed concerns about the economy with word that domestic manufacturing fell for the first time in nearly three years. an unwelcome sign about american productivity. peter orszag was president obamas first budget director, a key player in shaping the 2009 stimulus d...

revolutionary biometric id for every one of indias citizens. >> also, the housing bubble caused the crash. will a coming housing boon finally power this anemic recovery? >> first, heres my take. what to do about syria? western military intervention looked fraught with difficulties. but the situation on the ground is a humanitarian nightmare and is creating greater instability by the week. i have been persuaded they might be a path forward. the pressures on bashar al assads regime are m...

discuss all this. then we go overseas to egypts election of muhammad morsi. what can we expect from an islamist president? two of the top egypt experts tell us. next, how do you count and catalog 1.2 billion people? ill ask the man creating a revolutionary biometric i.d. for every one of indias citizens. also, the housing bubble caused the crash. will the coming housing boom finally power this anemic recovery? first, heres my take. what to do about syria. western military inter...

Basically about $20 billion of that $25 billion is going to be principal reduction. actual write-downs on thetle t value of the principal of the loan and principal reductions had -- lot of people had been calling for principal reductions from the beginning of the crisis as the key way of helping the deleveraging process of getting recovery in both -- human terms and getting people to be able to stay in their homes but also macro economically. so that part of it seems good. the question is, is it...

Let me just close with thomas friedman help wanted leadership. because it touches on exactly what were all talking about here. we know what to do. a grand bargain. short-term stimulus to ease us through this deleveraging process, debt restructuring in the housing market and long-term budget cutting to put our fiscal house in order. none of this is easy, and the economy will not be fixed overnight. it will take years. but there is every chance it will get healed if our two parties construct the g...

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