Page 18 - Dollar Down News Today : Breaking News, Live Updates & Top Stories | Vimarsana

fires in los angeles, more than a dozen in just the past four hours. houses, cars, nothing is safe. we're talking live with the l.a. fire department tonight. students on a wilderness adventure attacked by a grizzly bear and one of her cubs bites and puncture wounds and the latest on their conditions. plus there. therefore, by the powers vested by me by the state of new york i pronounce you both married. [ cheers and applause ] >> history is made in new york. same-sex marriages, even new york city's mayor gets involved by performing a ceremony. i'm don lemon. you're in the "cnn ...

i'm don lemon. you're in the "cnn newsroom." if you weren't paying close attention to the deficit and the debt ceiling talks in washington, you really need to now. a sunday filled with tv talking points face-to-face meetings and party conference calls brought the debt ceiling debate back to the very beginning. a little stalemate tonight and traders worldwide are surely taking notice, several overseas markets have opened lower in monday trading and the u.s. stock futures and trending -- they're trending lower right now. in washington this hour, power brokers from the president to th...

Want to get that dollar down, you have a crash. >> we'll try to beat that down to nothing. >> yes. unfortunately, there's a side effect here. a very weak dollar is contributing to the much higher gas and oil and food prices. because these are commoditys that are priced in dollars and as the value of the dollar goes down, the price of those commodities goes up. >> one good thing about the weaker dollar, i would imagine, is it would entice china and other big buyers of u.s. debt, u.s. stuff to buy more stuff. so they're less likely to say ok, we're ready to cash in. >> interestingly, you're righ...

From the government or the private sector, we have some bizarre cultists out there who say the people in the government don't wok for money. this will reduce employment. now you can try to offset it with things like the federal reserve board could adopt a more aggressive policy. there's not a lot of support for that but it could have a deliberate policy at having a somewhat higher rate of inflation. chairman bernanke advocated that himself back when he was a professor at princeton for japan. so that's one policy. if you got the dollar down, that's why we have a really high trade deficit, the d...

Trade deficit. if we can get the dollar down, that would improve our trade situation. the last thing we could do and i wish we would go this way, if we went the route of greater work sharing, this is something germany's done with remarkable success. their unemployment rate is lower today than it was at the start of the downturn and that's even though germany has had less gdp growth than the united states. so what they do is instead of getting firms to lay people off when they face shortfall in demand, they reduce their work hours so people in germany -- >> as much as people don't want that to ...