Page 17 - Debt Issues News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Time, so really, the rules can be changed at any moment. that adds some unease to the marketplace, so that started off with the financials. then of course you have the debt issues in europe that have been lingering over the markets, and of course the big selloff that we saw last thursday. that selloff, we still don't really know what caused it. we know that the floor of the stock exchange, humans make trades but computers are also involved and because of the confluences of events and news and the computer programs as well, it looks like there's a combination of things that actually caused that...

Ground, although it's a very big day today. a little perspective since we've talked so much about greece. greece is part of the trillion dollars plan that's going to receive about $140 billion over the next couple of years to deal with debt issues. just a little perspective. this morning we heard that fannie mae needs another $8 billion from u.s. taxpayers. fannie mae and freddie mac, the government-backed lenders for our housing market, have taken about $140 billion of our taxpayer money. they still have an open line of credit to taxpayers moving forward. think about that for a moment. we're ...

There are still some hurdles to get through before they can get there and get this money. also, are the other 15 countries in the european union onboard for this plan. for one, is germany okay with this plan? if this plan does not get that support, it could fall by the wayside and that's part of the issue here. also, whether or not this issue would spread to other countries. there was a fear yesterday that -- there were rumors that spain was working with the imf to find out some ways to work out their debt issues. both spain and the imf denied that, but it just shows you the fear that if this ...

Of the party. >> reporter: crist is about to announce that he is running as independent. he acknowledges it's not easy. this is a state where democrats are largest party of 44% of registered voters. republicans have 36%. he jumped in the smallest pool, independents make up only 20. in his remarks today he said as soon as the speech is over he will go forth without support of any political party. that's why he needs folks like this. >> bret: carl cameron live in st. petersburg. thanks. number of americans filing for jobless benefit fell to 11,000, lowest level in four weeks. stocks were up agai...

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