Page 50 - Debt Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Adjustment. >> no, i would not. >> chris: with all due respect, sir waste an fraud, people have been talking about for years and don't you have to make benefit changes if you deal with the debt issue. >> i think you might have to make some but i think what you want to do first is -- >> such as what. >> getting the waste and fraud out. i think you have to have strict enforcement, understand that you have to have u.s. attorneys that go after this with a serious approach and realize that in order for these programs to be able to survive, so my children and my grandchildren have an opportunity to ...

Sure thing, not a good bet in many cases. so, testify stephanie, why shou care about greece here in the united states? >> the concern is about a domino effect. the greek economy is small. but the fear is that greece's problems could affect the 15 other european countries that share the euro. economists worry about the debt issue spreading to what you may have heard of as called the pigs. spain, portugal, ireland and italy in particular. those are the other countries they're really concerned about. they're euro zone members whose economies are propped up by the stronger ones which you can find ...

They have to avoid a shutdown in october. the house passed four of those 12 just a few hours ago. they have to keep the faa running. they have to deal with the debt ceiling, which is one of the most onerous issues in washington, and what is so striking about the debt issue and keeping the government open, nobody has a solution for that. when you talk about tax reform, this is one of the other things, they say you have to use the bt process, lowering the votes. that might force republicans to redouble their efforts on tax reform. to say, if we struggled on obamacare, how hard will it be on tax ...

Day? >> it was a roller coaster ride from the beginning. many saying hey this is not just about china or the fears of the debt issue. this is about a recalibration that's necessary for the markets. many people talking about the fact that u.s. stock prices are rises faster now and saying that there were a necessary reacquaint justment and then another wrinkle here and the damage that's hanging over the market for the last couple of years. it's when they're going to raise the rates again. they're expect today do that over the next few weeks and coming out and saying this may not be the right tim...

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