me maybe hey, i just met you wow. well, there s a surprising fact about the artist, carly ray jepson. outfront, next. i m erin burnett. welcome to outfront. outfront tonight, jamie dime on opens his kimono. the ceo of jpmorgan chase gave us all quite a mental image when he testified in front of the senate banking committee in washington about whether the largest bank in the united states has been open about its multi billion dollar trade losses. we generally are open kimono with the regulators and tell them what they want to know. open kimono. sure, that sure sexes up that testimony in washington but maybe he was open kimono about the things he knew about but not about things he didn t, like how the trade in question had morphed out of control. so this transaction that you said morphed, what did it morph into, russian roulette? it morphed into something i can t justify, that was just too risky for our company. he couldn t justify it. it was too risky. it s
outfront tonight is the economy, stupid. in a surprise news conference today the president blamed congress for keeping americans out of work. they left most of the jobs plan just sitting there, and in light of the head winds that we re facing right now, i urged them to reconsider because there are steps to take right now to put more people back to work. the president is angry that congress has not passed his jobs bill, which sat on the shelf since last fall. part of it did pass. the payroll tax cut extension and long-term unemployment insurance, but the president wants to pass the rest immediately and the price tag is $297 billion. his bill summary, which we obtained from the white house, says that money will go to things like preventing teacher layoffs, modernizing schools, building science labs for a total of $297 billion. does spending more add up? we wanted to know the answer to that question. we did the math on how much money taxpayers have spent on stimulus since
good evening, everyone. i m erin burnett. outfront tonight is the economy, stupid. in a surprise news conference today the president blamed congress for keeping americans out of work. they left most of the jobs plan just sitting there, and in light of the head winds that we re facing right now, i urged them to reconsider because there are steps to take right now to put more people back to work. the president is angry that congress has not passed his jobs bill, which sat on the shelf since last fall. part of it did pass. the payroll tax cut extension and long-term unemployment insurance, but the president wants to pass the rest immediately and the price tag is $297 billion. his bill summary, which we obtained from the white house, says that money will go to things like preventing teacher layoffs, modernizing schools, building science labs for a total of $297 billion. does spending more add up? we wanted to know the answer to that question. we did the math on how much mon
secret talks happen all the time, and 99% of them fail. but we are rooting for the 1% chance that these finally succeed. because america needs a grand bargain to prevent our debt rising to twice the size of our economy and to prevent a recession really, really soon. today fed chief ben bernanke, the man who has twisted and turned to get interest rates to zero to try to help this country said now congress must act. i urge congress to come to agreement on that well in advance so as not to push us to the 12th hour. if no action were taken and the fiscal cliff were to kick in in its full size, i think it would be very likely that the economy would begin to contract. contract means get smaller. it means recession. and people talk a whole lot about this fiscal cliff, but sometimes, you know, it kind of blurs together. so what exactly are we talking about? to be honest, this cliff is like we re on the top of mt. everest staring down a 29,000-foot crevasse. at the end of this yea
right now. outfront next, secret talks to save america from economic disaster going on tonight. and bill clinton says i m very sorry. but does his apology add up? and reports of a growing problem with american soldiers using a drug linked to the zombie-like attack in miami. let s go outfront. i m erin burnett. outfront tonight, secret talks. secret talks in congress to save america from fiscal implosion. secret talks happen all the time, and 99% of them fail. but we are rooting for the 1% chance that these finally succeed. because america needs a grand bargain to prevent our debt rising to twice the size of our economy and to prevent a recession really, really soon. today fed chief ben bernanke, the man who has twisted and turned to get interest rates to zero to try to help this country said now congress must act. i urge congress to come to agreement on that well in advance so as not to push us to the 12th hour. if no action were taken and the fiscal cliff were to k