Page 29 - Debt Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> a couple things now that are going to be very tough if you're a progressive. guns is always tricky business because they keep records who voted against them. and this issue of climate. because i look at states like kentucky, west virginia, western pennsylvania. >> sure. you have democrats -- >> that's tough. >> but michael's right in one sense. that this speech was about emphasizing. he didn't flip on any issues. what he said in the speech he said in the past. but he spoke a lot to his own people. when he said seneca falls, stonewall, and selma, those are -- you know, i don't want to say th...

Auto bailout a huge success. >>the bailingout of general motors helped him in ohio and michigan and on the campaign trail. >> geithner, a chief architect of tarp and a.i.g. made the case before congress for tougher regulations on wall street. it led to the dodd-frank bill that the president signed into law. >> there will be no more tax-funded bailouts. period. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republicans who took back control of the house of representatives in the midterms. >> is there a risk the ...

With that broad-based tax increase. keep some the money in the economy. that's good for the markets, that's good for folks working at different establishments and businesses and products. but there still a major problem out there, especially when you look at the u.s. deficits and debt and some investors are saying that congress still needs to address structural debt problems. >> if we get a fiscal deal that really addresses the long-term trajectory, that might be the final piece of the rubiks cube that could lift markets and take them up to double digits gains for 2013. >> and, of course, bret...

House? >> well, this is a good first step, bret. and i think as the day progressed and you started to see inclinations that a deal at least among leadership was likely going come down and the possibility started to increase, wall street started to really buy into the stock market. you saw stock prices increase, finishing up 166 points and the dow jones industrial average today and after market trading what is known as the futures jumped up after news that things were beginning to progress. wall street looking even though this is just a small portion of a deal because it deals with avoiding a l...

Welfare reform bill. >> yes, i agree with that. 2009, the health care overhaul. you had $858 billion tax package in 2010, the payroll taxes in 2011. having said that, jonathan, how much longer can congress continue to function like this? >> well, i think one of the reasons why nobody's really happy with the deal, not like a gut level. everybody recognizes there was some masterful negotiation going on between the vice president and senate minority leader mitch mcconnell, but nobody's like genuinely happy with it because we know we're just kind of kicking the can down the road for another two mo...