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Employee pay, is less clear. So secretary lew would have to make a decision. He could recommend the president continue business as usual ignoring the debt limit, borrowing money and paying the bills. As justification, lew could say the president had to choose between conflicting Laws Congress has passed requiring him to spend money and not spend it at the same time. At that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress would find themselves before the Supreme Court arguing under what circumst...

Also, refinancing activity is very high right now. As housing prices have increased, thats allowed more people to qualify to refinance their loans. Reporter but Goldman Sachs is a different story. It deals almost exclusively with institutions, not consumers. Its Fourth Quarter Earnings Growth came from a surge in Investment Banking revenues thanks to gains in stock and bond underwriting. Goldman earned 5. 60 a share in the period, compared to a 1. 84 a year ago. That was also better than expected. Big banks arent the only financials expected to do well in the Fourth Quarter. The Financial Sect...

Increased, thats allowed more people to qualify to refinance their loans. Reporter but Goldman Sachs is a different story. It deals almost exclusively with institutions, not consumers. Its Fourth Quarter Earnings Growth came from a surge in Investment Banking revenues thanks to gains in stock and bond underwriting. Goldman earned 5. 60 a share in the period, compared to a 1. 84 a year ago. That was also better than expected. Big banks arent the only financials expected to do well in the Fourth Quarter. The Financial Sector as a whole is expected to post an earnings gain of 11. 5 , making it th...

Tom brian, before we talk about that forecast, what do you make of the fiscal first quarter. Some pretty big numbers reported. Some big numbers, but a little lighter than consensus, around 48 million iphone units, 22 million ipad units, a little less than consensus, and a little disappointing to investors, and certainly when you have the forecast that was light on top of it, it makes for a disappointing quarter. Tom i can already hear those apple shareholders saying financial expectations are just impossible for apple to exceed. Theyre so high. What do you say to them . Well, i think investors...

So a scary headline number isnt as bad as it seems when you look underneath. Reporter and thats what economists say Federal Reserve policy makers did. After studying the economy for two days, chairman ben bernanke and his colleagues issued what most called a no news statement. The fed says it will keep Interest Rates near zero and plans to keep buying bonds in order to keep Interest Rates low. Todays g. D. P. Report didnt change that plan. What the fed is trying to do is generate stronger labor Market Growth and labor Market Performance and we dont really have any data on that yet. So we dont ...