Page 2 - Fiscal Problems News Today

Something miraculous happens. we turn off the water and the next day they are able to pay their bills. thats a little bit strange but then when you do have half of the city not being able to pay their bill and claim we are going to cut you off. >> of course some people will try to milk the system and they cant afford to it and they have been used to the status quo. >> a lot of people like that. >> until they are forced to do it. we need exact statistics on that. i understand where the u.n. is co...

Rows deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now hes stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely ...

>> geithner steered the major economic moves in the first term and now he is stepping down. president obamas pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country...

425 billionaires in the united states with an average net worth of about 4 billion dollars each. if you confiscated all of their wealth, all of it in its entirety, it would basically take care of the u.s. deficit for one year. it does nothing to solve our long-term fiscal problems. >> greta: i dont think at that people realize, i havent met a lot of billionaires, but read a lot about them. bill gates has done an enormous amount of good with his money in africa and people, billionaires making all...

425 billionaires in the united states with an average net worth of about 4 billion dollars each. if you confiscated all of their wealth, all of it in its entirety, it would basically take care of the u.s. deficit for one year. it does nothing to solve our long-term fiscal problems. >> greta: i dont think at that people realize, i havent met a lot of billionaires, but read a lot about them. bill gates has done an enormous amount of good with his money in africa and people, billionaires making all...

The two men whose names have become synonymous with fix the countrys fiscal problems are calling the fiscal cliff a missed opportunity. the cochairs of the presidents commission on deficit reduction released a statement saying in part, the deal approved today is truly a missed opportunity to do something big to reduce our long-term fiscal problems. but its a small step forward in our efforts to reduce the federal deficit. washington missed this magic moment to do something big to reduce the defi...

♪ the two men whose names have become synonymous with fix the countrys fiscal problems are calling the fiscal cliff a missed opportunity. the cochairs of the presidents commission on deficit reduction released a statement saying in part, the deal approved today is truly a missed opportunity to do something big to reduce our long-term fiscal problems. but its a small step forward in our efforts to reduce the federal deficit. washington missed this magic moment to do something big to reduce th...

Part, the deal approved today is truly a missed opportunity to do something big to reduce our long-term fiscal problems. but its a small step forward in our efforts to reduce the federal deficit. washington missed this magic moment to do something big to reduce the deficit, reform our tax code, and fix our entitlement programs. well be right back. ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. well even drop off boxes if you need them. visit usps....

Following on the one trillion dollar did he have it? spending. both steps advance efforts to put our fiscal house in order neither done, nor -- one nor combination of the two come close to solving problems and loaders must have the courage to reform our tax code and entitlement program such that we put it on a downward path as a percent of the economy. washington missed this magic moment to do something big, recuse the deficit, reform our tax code and fiscal entitlement programs weve known over ...

Actually participating and the workforce is down, so you have all of the economic components of this constant situation of where there are these constant fiscal problems. having said that, one of the things that youre seeing in this particular debate and why im feeling better about this particular exchange is the sense that, look, when the policy outcome becomes greater than the political payoff, thats when you see bipartisan ship begin to emerge and i think what youre seeing from both sides is ...