Page 39 - Debt Load News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What can we expect? we go to allison cosik at the new york stock exchange. >> it was a winning week for general motors, the company protested a profit of almost $5 billion last year. that ends a string of five annual losses. last year the u.s. car market rebounded and china continued to see strong growth. a trip through bankruptcy helped the automaker to allow gm buy several familictories. a surge in oil prices pressured the dow, nasdaq and s&p 500 to their worst weekly performance since august. felicia? >> thanks, allison. blockbuster put itself up for sale this past week. the bankrupt video ...

Revert back to what it was in the 1990s. we need do that. because we do need to address our long-term fiscal problems. our deficit is too high and our debt load too wide and we have to address that in part by higher taxes. in my view, addressing the long-term fiscal situation would be most appropriate by restraining spending growth but tax increases are part of that and tax increases on upper income individuals has to be part of that. when the economy is off and running i think we should raise rates. but not in 2011. i think the recovery that the point is still too fragile. >> bret: treasury s...

Revert back to what it was in the 1990s. we need do that. because we do need to address our long-term fiscal problems. our deficit is too high and our debt load too wide and we have to address that in part by higher taxes. in my view, addressing the long-term fiscal situation would be most appropriate by restraining spending growth but tax increases are part of that and tax increases on upper income individuals has to be part of that. when the economy is off and running i think we should raise rates. but not in 2011. i think the recovery that the point is still too fragile. >> bret: treasury s...

Revert back to what it was in the 1990s. we need do that. because we do need to address our long-term fiscal problems. our deficit is too high and our debt load too wide and we have to address that in part by higher taxes. in my view, addressing the long-term fiscal situation would be most appropriate by restraining spending growth but tax increases are part of that and tax increases on upper income individuals has to be part of that. when the economy is off and running i think we should raise rates. but not in 2011. i think the recovery that the point is still too fragile. >> bret: treasury s...

The loans from the small business administration would be more readily available and the fees on those loans would be kuch cut. he said we need a jobs bill that puts them back again. >> i think the president appropriately is seeking other ways of stimulating the economy other than a big stimulus package. he knows he can't get a stimulus package through this congress with all of the republicans and a lot of blue dog democrats worrying about the long-term deficit, so he's tinkering around the edges. he wants to show he's actively engaged. he must show that. the problem fundamentally is there's n...