On Tuesday night by a vote of 257-167 the House passed HR 8, the Tax Relief Extension Act, which the Senate passed early Tuesday morning by a vote of 89 to 8. The so-called "fiscal cliff" agreement had been negotiated Monday between Senate Minority Leader Mitch McConnell (R-KY) and Vice President Joe Biden. The legislation keeps the Bush era tax cuts for individuals making less than $400,000 and couples making less that $450,000. It also makes permanent the fixes for the Alternative Minimum Tax and delays government spending cuts for two months. On Wednesday, the President signed the legislation which avoided the so called "fiscal cliff." More »
Former senators Kent Conrad (D-ND) and Judd Gregg (R-NH) evaluate proposals for reforming the nation's fiscal policies. Both senators served on the National Commission on Fiscal Responsibility and Reform.
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Bloomberg, the financial and news company, hosts a day long summit on the state of the economy in the early days of President Obama's second term. The opening panel looks at the impact of federal budget cuts on the nation's finances.
In an address titled "Creating Resilient Communities," Federal Reserve Chairman Ben Bernanke gives a speech on rethinking the economic policy and practice applied to low-income households and neighborhoods.
Bernard Lietaer and Jacqui Dunne argue that our monetary system is antiquated and that a new system of complimentary currencies could help improve the economy in our communities and states. World Affairs Forum of Stamford, Conn. hosts the event.
Jennifer Erickson and Chris Edwards talk about the job creation proposals President Obama outlined in his State of the Union address
While visiting Hyde Park Academy in Chicago, Illinois, President Obama speaks about gun violence.
Author Chrystia Freeland talks about her book, Plutocrats: the Rise of the New Global Super-Rich and the Fall of Everyone Else.
From the 12th annual National Book Festival, Thomas Friedman and Michael Mandelbaum discuss their book, That Used to Be Us: How America Fell Behind in the World It Invented and How We Can Come Back.
Lawrence Mishel discussed the state of workers and families in America and predicted what would likely happen in the future. He discussed many topics like real wage loss for families, widening income inequality gap between the poor and rich, and the difference between real and nominal wages. He stressed that, calculated using real wages, working class families have seen a decline in purchasing power. America's income inequality gap widening, which is already one of the highest in the industrialized world, was also discussed as a bad sign for the future. Viewer questions were taken via telephone and electronic devices.
Authors Richard Wolff and David Barsamian discuss their book, Occupy the Economy: Challenging Capitalism, and the economic crisis.
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