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A benchmark for credit markets source of world, as a safe investment. I hope as we have this discussion we can be candid about what we are talking about here. As we all know, if we do not raise the debt ceiling sometime soon, then at some point we will have disruptive consequences, because tax revenue is only 85 of all the money we are planning to spend, not 100 , and that means the other 15th percent 50 has got to be our it, and if not, then you have to make some decisions about what gets cut. That is disruptive, not where we want to go, and i hope the president will agree to actually address...

We will negotiate with you about anything. Would you accept a shortterm deal . We are going to look at anything they send us. Meeting,ng out of this they have changed on how much time they want on the debt limit. Lets just wait and see. We will just wait and see. They cannot decide what they want. Up until now, there has been a very clear position which is, we need a clean cr. We need to open the government before we engage in negotiations. To negotiateant before you reopen the government. Not going to happen. Are we closer to a solution now with this . Bysenator harry reid joined his fellow S...

Established until the year 2000, the debt was 5 trillion. According to the policy center, the rivlindomenici panel, between 2000 and 2009, the National Debt roughly doubled. Now it will double again. The figures are scalding, and i am sure that the congressional panel, as well as simpson bowles, and i am sure Rivlin Domenici found the same thing. In 2020, it will be 1 one it will be 1 trillion a year just to pay the interest on the debt. By the year 2025, every set of federal tax revenue will go to Social Security, medicare, and interest on the debt. What is required as noted is to get through...

Around the world. President obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u. S. Hits the debt ceiling. The yen hits a twoyear low against the dollar as the new japanese government battles to weaken currency. Exports are rising, pushing the nikkei to its strongest gain in 20 years. Shares of toyota are heading higher after the u. S. Settled a Class Action Lawsuit. The 1 billion payment is already priced in. Okay. Welcome to worldwide exchange. Plenty of news to watch out of ...

Its quest to gain acceptance. The exchange goes down. Bankruptcy could follow. Ukraine delays forming a new government until thursday. The currency slumps towards record lows. Investors worry about the conditions of an imf bailout. It could include plans for devaluation. Italys Prime Minister wins his first confidence vote, but by just eight seats. He promises swift action to reform the economy which could including an institutional change. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. All right. A warm welcome to cheese day on worldwide exchang...