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April 19, 2011
Made his first public appearance at a communist party event today since he fell ill in 2006. cubas former president was on hand as his brother was named to succeed in the first secretary of the partys first congress in 14 years. on monday, cuba approved hundreds of economic reforms including one legalizing the buying and selling of private property. thats a first. so what political story will be making headlines in the next 24 hours? thats up next. ever seen anything like it? me neither. its ben...
April 19, 2011
Notice that? >> there is strong pressure from the left and the president has a campaign promise to fulfill and he needs a lot of support from hispanic voters to get re-elected. hes got a coalition. the group that you cited, big mayors, former governor schwarzenegger, a lot of member of the business community, but the president is missing in order to try to do this is partners from the republican party, in congress, and maybe elsewhere with the courage to stand up to the elements of their party w...
April 19, 2011
Debt. >> congress is going to pass an increase in the debt ceiling. they recognize that. they know they have to do that. they have always done that. thats not the issue. the real challenge is to make sure we put in place multiyear targets that put the deficit on a path that declines over time so that the debt burden starts to decline. thats the economic imperative. thats the important thing to do. >> were joined by cnbcs steve liesman to help us make sense of the debt crisis. and the way the pre...
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"time" magazine editor at large and joins us now. mark, i was struck, i was watching you on morning joe and i was struck by your take on the s&p issue and the way the white house was responding. and my sense was why not embrace this and say, look, you see how bad things can get, look at the 140 point decline on wall street yesterday, just in response to that, we have got to get serious, use that to light a fire against -- light a fire with the budget negotiator and make congress take notice. but...
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Hes saying, look, we have to pass this. lets not burden it with too much, but hes open to more than i thought going into this interview. thats in the first instance. longer term, hes essentially rejecting the political judgment made by the s&p. and i think it is fair to say to s&p, you know what, they have to make a political judgment which has a financial part to it, which is will they be able to come to this agreement. if theyre not, then theyre going to default. and s&p is saying it is less l...