Dow surpasses 2007 record high
Anderson Cooper spoke with Ali Velshi about the Dow Jones industrial average closing at a record high of 14,253.77 on Tuesday. Velshi says the stock market is the only place where Americans can put their money to gain in the short term.
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Post by: Filed under: Ali Velshi • Economy |
McCain: Everyone shares blame for spending cuts
Sen. McCain says he accepts blame for the spending cuts but thinks Pres. Obama should lead to protect the defense budget.
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Post by: Filed under: Congress • Economy • President Barack Obama • Senator John McCain |
Lawmakers leave town before spending cuts deadline
CNN's Dana Bash talks to legislators leaving Washington for a long weekend a day before the $85 billion in spending cuts takes effect.
Playing politics with forced cuts
David Gergen, Margaret Hoover and Charles Blow argue who's responsible for forced spending cuts taking effect March 1.
Read David Gergen's op-ed "Americans sick of budget soap opera."
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Post by: Filed under: Congress • David Gergen • Economy • President Barack Obama |
Spending cuts blame game continues
Lawmakers pepper their forced spending cuts arguments with salty language as the deadline looms. Dana Bash reports.
Borger: Forced cuts are man-made disaster
There are no signs of compromise in Washington before forced spending cuts take effect. Charles Blow, Gloria Borger and Ross Douthat discuss.
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Post by: Filed under: Congress • Economy • President Barack Obama • Raw Politics |
KTH: Should members of Congress get a pay cut?
Pain from forced spending cuts is a week away and lawmakers are preparing their aides for the fallout that could hit them like other government workers.
"We've actually budgeted with a 10% cut in mind," Rep. Cheri Bustos, D-Illinois, told CNN last week.
Rep. Dennis Ross, R-Florida, reorganized his office in December.
"We had to let people go then because we were anticipating at least a 16% cut," he said.
But members of Congress, the very people who voted to put the automatic spending cuts in place, won't see any change to their annual salary of $174,000.
Why?
Because Congress can only change its pay by passing a law to do so.
KTH: Forced spending cuts deadline approaches
Pres. Obama and Republican Congressional leaders must reach an agreement by March 1 to avoid cuts. Wolf Blitzer is Keeping Them Honest.
Sen. Paul to Pres. Obama: Do the right thing
Sen. Rand Paul, who voted against the forced spending cuts, talks about the March 1 deadline and the consequences.
U.S. debt rating at risk
Margaret Hoover, Charles Blow and Ali Velshi discuss the next big fight in Washington over the deficit and debt.
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