Page 18 - Sequester Cuts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Slow but steady recovery. that's the tragedy here. >> the u.s. looks good. the u.s. economy has survived massive fiscal tightening. it looks quite robust. sequester cuts. and the whole deal. it's about 3% of gdp tightening and now over and so u.s. looks good to me. i'm really quite optimistic about the u.s. in the next year or two. >> not quite as bullish as that but the u.s. does have potential to accelerate. i worry that we've been here again and again and each time things are messed up and we haven't got beyond this 2% growth to bigger acceleration. i hope this time it happens. i think the ...

We know that from the shutdown there was a loss of economic activity. i can't give you a number today of what it is. i know the direction. the direction is it took an economy that is fighting hard to get good economic growth going to create jobs for the american people, and it took it in the wrong direction. our job in washington is to move things in the right direction. this one was a little bit scary because it got so close to the edge. and i think what i heard from them was that they have confidence in our economy, much as the business people i talked to have confidence in our economy. i th...

Can agree on that ought to be cut out. all of those essentially are savings. so we have to find some savings to make possible offsetting the sequester cuts that under the budget control act will automatically kick in on january 15th. >> good morning, senator. this is vicki difrancesco soto from ut. my question is, we see that the confidence in government is near an all time low. the public is already skeptical about congress and this committee, what are you going to tell the public in terms of how this time it's different? >> well, first, this time it's different because of the amount of pain ...

Indicating this is a problem, the strategy was a failure and we have to retake control of the house of representatives. now, i think democratic unity was very important throughout this entire process. the white house, leader pelosi, harry reid, members of the rank and file all did a tremendous job. and what we see now is an emerging civil war. i think there are three factions. you have to business faction, which largely includes moderate republicans, you have the tea party faction, which is responsible for the reckless shutdown, and now we're going to see the power of the defense faction, trad...

Medical device tax $30 billion often years. that's something the president is willing to make some concessions on if for a similar amount of funding you could get a decrease in the sequester cuts. you know, there is a huge amount we know of revenue generated by american companies sitting overseas that aren't brought back because of where the corporate tax rate is. you could repatriate that money, take some portion of that and fund, you know, say infrastructure or some series of improvements on the corporate tax rate and corporate tax reform. there are elements if everybody is willing to do thi...