Sglucl Debacle News Today

Us is the final countdown around raising the debt ceiling. so now its not just a question of ideology or debates on the house floor or senate floor or whether or not people will negotiate with one another, its actually very serious business and its going to ripple into our mortgage markets. its going to affect people like the guest that you just had on whose life is literally at stake because she cant go to nih. so the american people now i think are realizing just how serious these problems are...

An economic shutdown. refusing to pay our nations bills. endangering american jobs. tell them to stand up to the tea party. enough already! breaking news to fill you in on. it was less than an hour ago that john boehner had asked to have a conversation with the president to talk about where they stood on the issues, willing negotiations about the government shutdown and raising the debt ceiling. minutes later, around 10:45, were hearing now from the spokesperson to house speaker john boehner, ...

Elevated game of stall tactics. >> first thing is to restart the government and stop this nightmare developing for all too many people. by the way, lets stop screwing around with the debt ceiling. i heard people saying the debt ceiling breach wont be that bad. it will be a catastrophe. so lets take that off the table. and then by all means, lets do it. look, there are any number of democrats and republicans here who are willing to do what the president said he would do, talk about entitlement re...

Were not going to negotiate on that. >> yeah, i think thats inconsistent with what the american people want. house republicans have been saying for day that say we recognize theres disagreements and we need to come to the negotiating table. the president has said that he wont negotiate on the debt ceiling and he wont negotiate on the budget until he gets his way. frankly, i think that the american people are starting to understand why were in a shutdown. >> but isnt that more an answer of what p...

Which is the government shuts down the next day. in both of those cases, congress has total control. they can stop a fiscal cliff, they can stop a government shutdown. we can stop a government shutdown today if speaker boehner would bring a clean cr to the floor. that is not the case with the full faith and credit involved in the debt ceiling. when the markets decide that this place has finally and completely flipped its lid and we see a 3,000 point market drop, there is nothing we can due in th...

Lets dig into what you know about the fact that you were there during the 95-96 shutdown so when it comes to the debt ceiling, bl bloomberg news has u.s. default seen as catastrophe dwarfinglehmans fall. a worldwide economic catastrophe because markets depend upon the treasury bill. markets depend upon the full faith and credit of the united states. this is a building block for the global economy. if we dont actually pay our bills. as the leading economy, the biggest economy in the world, the ...