Republican House Speaker John Boehner has walked away from crunch debt ceiling talks at the White House with US President Barack Obama.
Mr Obama said Mr Boehner had rejected an “extraordinarily fair deal” that would have included $ 650bn (£400bn) of cuts to entitlement programmes.
Mr Obama said he had been willing to take “a lot of heat” from his party.
Mr Boehner said in a letter circulated to the Republican rank and file: “In the end, we couldn’t connect.”
“I have decided to end discussions with the White House and begin conversations with the leaders of the Senate in an effort to find a path forward,” the letter said.
The talks have been aimed at avoiding what analysts say would be a catastrophic US debt default on 2 August.
“It is hard to understand why Speaker Boehner would walk away from this kind of deal,” the president said at a news conference on Friday evening.
“There are a lot of Republicans who are puzzled as to why it couldn’t get done,” he added.
Meanwhile, senior Republican aides have said President Obama and congressional Republicans had been close to reaching a deal to raise the debt ceiling early last week, but said the White House had changed its demand to call for higher taxes.
In 2007 the Real Estate Bubble began to deflate with Subprime mortgages busting the loudest. The stock market collapse in half in 2008. This 60-Minutes special features experts that say 2010 is going to be worse. Millions more Americans are going to face foreclosure with their homes underwater, even prime mortgages. Home values are going to decrease another 30-50% in the most inflated markets. Get out now and go into safer assets. Be ready investors and 401k holders, your stocks are about get cut in half AGAIN when this new panic across the entire platform of the housing market in 2010/2011. Deflation, then more bailouts/stimulus, then serious inflation.
Spring Training, the UFO Convention, NASCAR and the Tea Party Summit – all happened this weekend – here in the valley. Thousands of visitors will pump millions of dollars in our local economy. It’s NASCAR weekend in Phoenix, and we are happy we host two major NASCAR races each year. Hundreds of thousands of people go to the title. The PIR is the only career in the U.S. that holds two NASCAR Sprint Cup Series weekends each year and get this – salts in more than 400 million doallars everyone! The last few years have been incredibly bleak for the hotel industry. But the January hotel occupancy by 11 percent compared to last year and this is around twice the national average, and they expect this spring to break records. With so many conventions and spring training just started, the business is booming again. Speaking of baseball – we have the Giants Dodgers, White Sox, Indians, Reds, the young sailors Brewers, Rangers, Royals and Indians now we have the Colorado Rockies, which brings a whole new group of fans here in Colorado. The San Francisco Giants win the World Series was huge, because now you have come to see more fans wating. SUPPORT your local retailer! If you support your local retailer, please support your local economy. Before you decide, consider your money in corporate giants pump Please note that your local Mom & Pop corner stores work hard to make ends meet. They are your neighbors and … Video Rating: 4 / 5
This is a video clip of the clear path and future consequences for the elite’s plan of our current economic situation. Also, a potential answer to as , “Why this economic collapse has been brought upon us?” Here are the links to some of the full clips that are used in this video: www.youtube.com – Daniel Estulin www.youtube.com – Kevin Trudeau Update: 1-21-2010 “MORE JOBS LOST!” finance.yahoo.com Video Rating: 4 / 5
Germany Buys New York Stock Exchange Possible Dollar Collapse Mirrored from: www.youtube.com & www.youtube.com The parent company of the New York Stock Exchange is in advanced talks to be acquired by the owner of the Frankfurt stock exchange in a deal that would create a behemoth financial-market operator valued at about billion. The transaction being negotiated by NYSE Euronext and Germany’s Deutsche Boerse would put the Big Board’s trading floor, which became a flag-draped patriotic symbol in the wake of the 9/11 terrorist attacks, under overseas control. The possibility has already stirred opposition. “This is a slice of America being sold,” Joe Saluzzi, co-founder of brokerage Themis Trading in Chatham, NJ, said Wednesday after the companies confirmed their discussions. “You can’t allow an American icon to go under foreign control.” Although the main motivation for a deal is to cut costs by merging operations, the move also would improve the NYSE’s access to the world’s fast-growing emerging markets and insulate it against rival stock exchanges in China and Latin America. The talks also underscore the growing challenge of economic globalization to the US, for decades the center of the international financial system. Great channels to view: www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com www.youtube.com Video Rating: 5 / 5
More Links: DI tried to embed the video Ron Paul, but the technology did not let me. : Bet (Congressional hypocrites Were for shares as Country Collapsed (Google the headline) finance.yahoo.com Congress members bet on fall in stocks (Google the headline) online.wsj.com Congress refuses to outlaw insider trading for legislators ( Google the headline) finance.yahoo.com What are the market money.cnn.com NYSE, Nasdaq Play Blame Game www.thestreet.com NYSE Trader: Selling more than a dent (video) money.cnn.com Sen. Sanders vows Fight For Federal Reserve Audit blogs.wsj.com “Bernanke threatened Congress” We lead an economic collapse if the Fed exam! www.youtube.com charge-off and delinquency rates www.federalreserve.gov five predictions for immigration reform in 2010, the immigration. change.org Frequently Requested Statistics immigrants and immigration in the United States www.migrationinformation.org H-1B visa Indiana en.wikipedia.org Whirlpool Closing costs millions of $ $ $ blog.aflcio.org Whirlpool to create 300 jobs Ottawa to plant www.wtol.com Ron Paul: A National ID Card www.youtube.com Outrageous!
There’s lots of breezy narrative prose in the financial crisis commission’s 545-page report, says Jonathan Weil, but little new information BusinessWeek.com — Finance
Visit www.NoSugarCoatedNews.com for related stories. http Aaron gives a rant on the biggest one day drop in a intraday trading session ever on the DOW Jones Industrial average. Dont worry its just a glitch that caused the Proctor and Gamble stock to crash 37% in just minutes according to CNN.
