Why would about middle class voter look at that and say these guys, the g.o.p. are all about protecting the rich? we are not the party of big, big banks, big bail-out. we are for a lower, flatter, simpler tax code. there are ideas to limit reduction for wealthy and limit carve-out. we need to make it clear we are not if party to protect the rich. they protect themselves. we want pro-growth policies. let the democratic party be growing, government growing revenues. grow the private sector economy. it can still be progressive. get rid of the calf-out and special treatment. when it comes to a fiscal cliff.
Why would about middle class voter look at that and say these guys, the g.o.p. are all about protecting the rich? we are not the party of big, big banks, big bail-out. we are for a lower, flatter, simpler tax code. there are ideas to limit reduction for wealthy and limit carve-out. we need to make it clear we are not if party to protect the rich. they protect themselves. we want pro-growth policies. let the democratic party be growing, government growing revenues. grow the private sector economy. it can still be progressive. get rid of the calf-out and special treatment. when it comes to a fiscal cliff.
S&p 500 picked up eight. nasdaq closed 9 ahead. investors who spent weeks worried about greece are now turning their concerns westward to italy. fox business network correspondent peter barnes has the look at the latest wobbling domino in the european debt crisis. good evening, peter. good evening. bret: talk what are the concerns over the debt crisis? like greece, italy is struggling to repay all of its debt. italy s debt is $2.6 trillion. more than five times the debt of greece. that is the eighth highest debt of any country in the world. italy s economy is eighth largeest in the world. some say it makes it too big to fail, cine esing speculation it will also need a big bail out. in italy it s up over 6%. 6% is the level that a country is in deep trouble.
Room. bret? bret: jim, thanks. about 16,000 fewer people applied for unemployment benefits last week. the second drop in three weeks. new home construction was up 3.5% in may. housing permits rose to the highest level since december. the stocks were mixed today. the dow gained 64. the s&p 500 added two. the nasdaq closed 7-3/4 behind. economists all over the world are keeping their eyes on greece tonight. the socialist government there is teetering, power sharing talks have collapsed. new us a centerty measures sparked outcry. add to that, the possibility of a default. you have a very messy situation that has global implication. leer to sort it out for us is the fock business network correspondent peter barnes. good evening. good evening, bret. financial markets have been rocked by concerns that greece may default on the debt without another big bail-out. that could create problems for u.s. banks and the customers. greeks are rioting again over a new round of austerity measures. new taxes and budget cuts are
Room. bret? bret: jim, thanks. about 16,000 fewer people applied for unemployment benefits last week. the second drop in three weeks. new home construction was up 3.5% in may. housing permits rose to the highest level since december. the stocks were mixed today. the dow gained 64. the s&p 500 added two. the nasdaq closed 7-3/4 behind. economists all over the world are keeping their eyes on greece tonight. the socialist government there is teetering, power sharing talks have collapsed. new us a centerty measures sparked outcry. add to that, the possibility of a default. you have a very messy situation that has global implication. leer to sort it out for us is the fock business network correspondent peter barnes. good evening. good evening, bret. financial markets have been rocked by concerns that greece may default on the debt without another big bail-out. that could create problems for u.s. banks and the customers. greeks are rioting again over a new round of austerity measures.
S&p 500 picked up eight. nasdaq closed 9 ahead. investors who spent weeks worried about greece are now turning their concerns westward to italy. fox business network correspondent peter barnes has the look at the latest wobbling domino in the european debt crisis. good evening, peter. good evening. bret: talk what are the concerns over the debt crisis? like greece, italy is struggling to repay all of its debt. italy s debt is $2.6 trillion. more than five times the debt of greece. that is the eighth highest debt of any country in the world. italy s economy is eighth largeest in the world. some say it makes it too big to fail, cine esing speculation it will also need a big bail out. in italy it s up over 6%. 6% is the level that a country is in deep trouble.
Removal from the high standard. there are two reasons here, they don t think that the politicians can get together and agree to get the debt down. if you dig into that a&p report, dig a little deeper you ll find that they are also saying the housing agencies, fannie and freddie are going to need another big bail out. and student loans now totaling over a trillion dollars, s&p things a lot of them will go into default adding to our debt, so you have a huge debt crunch and it s just arrived on our doorstep. martha: you think about china, $800 billion of u.s. debt. they have signaled to us that they are very concerned about the debt. when the prime minister was here a while back he said something to the president about healthcare, that that was a concern of theirs that we won t be able to take that on. look at cbo the numbers on social security and entitlement programs they ve also put a big red flag up for congress and the white house. it makes you wonder why they are not getting the message.