Stay updated with breaking news from Susie sharp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. Worries about political gridlock, in italy and in washington, cause investors to dump stocks. Its the worst day for wall street since the november elections. Tom im tom hudson. With 85 billion in federal spending cuts just days away, we talk with congresswoman Cathy Mcmorris rodgers. Susie and the man who founded barnes and noble wants to buy his bookstores back, but he has no interest in the companys electronic book reader b ns nook business. Tom that and more tonight on n. B. R. susie a sharp sell off on wall street today, as stocks suffered their biggest drop since november. Italian and american politics put investors in a sour mood. Behind the selling a strong showing in italys elections by groups opposed to economic reform, on top of that, u. S. Equities face a looming friday deadline for massive government budget cuts, known as seques ....
Imposed in the summer of 2011 was intended to sharpern the governments focus on the fat debt. President obama pushed for a last minute compromise to lessen the economic damage. These impacts will not all be felt on day one. But rest assured the uncertainty is already having an effect. Companies are preparing layoff notices. Families are preparing to cut back on expenses. And the longer these cuts are in place, the bigger the impact will become. These cut does not have to happen. Congress can turn them off any time with just a little bit of compromise. Rose Steve Rattner has had a distinguished career in journalism, business and government, instrumental in turning around the Automobile Industry, and currently chairman of advisors and the economic analyst for msnbcs morning joses and a regular contributer to the New York T ....
Suarez president obama and Congressional Republicans traded barbs today, opening the final week before the looming sequester. But there was no outward sign of a breakthrough to prevent 85 billion in automatic spending reductions. These cuts do not have to happen. Congress can turn them off any time with just a little bit of compromise. Suarez the president s appeal came as he met with the nations governors at the white house amid growing indications that the sequester will indeed take effect. This town has to get past its obsession with focusing on the next election instead of the next generation. All of us are elected officials. All of us are concerned about our politics both in our own parties as well as the other parties. But at some point we have to do some governing. And certainly what we cant do is keep careening from manufactured crisis to manufactured crisis. Suarez to reinforce the point, the administration on ....