Page 49 - John Bain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

have done much more harm than good to the economy, so stuart varney, the republicans want the fed to stay away from stimulating the economy. >> this is heavy duty political pressure from politicians tkraeupld at supposedly the independent federal reserve, the senator, the speaker, and the house majority leader, eric cantor, they're saying look, ben, quit printing money, you're hurting the economy. we've had three years of dirt cheap money and what do we got, 9 percent unemployment, housing prices slow, it's recommendnessen -- recommendnessent -- reminiscent of governor perry who said...

dirt cheap money and what do we got, 9 percent unemployment, housing prices slow, it's recommendnessen -- recommendnessent -- reminiscent of governor perry who said printing of money would be, quote, almost treasonous. this is big time political pressure on an independent federal reserve. bill: is the printing of money where they have the issue or other matters with the fed? >> what it call comes -- what it all comes down to, what the fed is doing, all the mesh -- measures taken, it is simply printing money, pumping dollars out either so keep interest rates low or capitalizing the ba...

people to perceive the facts to be. you listen to that sound bite from john bain e you would think there was a requirement for a balanced budget amendment to pass in this like there was in two previous deals he authored and got through the house. there is not. you listen to democrats, a lot of them are upset at the depth of the spending cuts. a lot of them are upset that there are no tax hikes in this package. but many of them are happy, and we'll talk a bit more about why they're happy later, that they feel that there be tax hikes coming up because of this plan, but there are no tax...

the way. 80degrees at reagan national. we are holding onto that heat inside the beltway here. 73 in fredericksburg. 66 in winchester. a little better there off to the north and west. we are getting a chance to cool the atmosphere a little bit. let's see what we can find together, not a whole lot to show you in the immediate washington area. i want to have you focus here off to the north and west up towards cleveland and chicago where we have a pretty good thunderstorm complex roll in. the thinking is some of that energy will spin down into the washington area. we'll increase the clou...

evening here in the nation's capital. just to underline the peril facing the united states economy, and the american people, democratic officials familiar with the president's speech expect him to say the country right now is, quote, in imminent threat of default. with only about one week left for democrats and republicans to agree on a deal to raise the debt ceiling. in a speech earlier today, the president alluded to the bitter political grid lock between both sides. >> are we a nation that asks only the middle class and the poor to bear the burden? after they've seen their jobs di...