Cantor on Payroll Tax, Reid, Senate
Dec. 20 (Bloomberg) — U.S. House Majority Leader Eric Cantor of Virginia talks about today’s move by the House to block a two-month extension of an expiring payroll tax cut that was approved by the Senate. In a 229-193 vote, the House requested formal negotiations with the Senate. Democratic leaders have said they won’t discuss a year-long agreement until the short-term deal is completed.
Cantor speaks with Bloomberg’s Peter Cook on Bloomberg Television’s "Money Moves with Deirdre Bolton." (Source: Bloomberg)
Duration : 0:4:46
In an exclusive interview at The Heritage Foundation, Senate Minority Leader Mitch McConnell (R-KY) sharply criticized President Obama for engaging in class warfare and accused him of shifting the focus away from his own failed policies in advance of next year’s election.
Nov. 21 (Bloomberg) — Matthew Dowd, Bloomberg political analyst and former chief campaign strategist for George W. Bush, talks about the consequences of failure by the deficit reduction supercommittee to reach agreement on deficit savings.
Nov. 2 (Bloomberg) — Al Hunt, executive editor at Bloomberg News, talks about the so-called Wal-Mart mom vote in the 2012 U.S. presidential election.
Sept. 20 (Bloomberg) — U.S. Senator James DeMint, a Republican from South Carolina, discusses President Barack Obama’s tax proposal, the congressional supercommittee charged with reducing the deficit and Federal Reserve policy.
The Italian government on Tuesday announced a cabinet meeting to authorise a confidence vote on an austerity package to speed its adoption amid the eurozone member’s burgeoning debt crisis. The news came as the Italian Senate met to debate the package.Duration: 00:50
House Majority Leader Eric Cantor was criticized for tying the release of disaster funds to budget concerns. N.J. Gov. Chris Christie responded that it’s not time for politics. Jeff Glor reports.
In a news conference yesterday, President Obama urged congressional leaders to leave partisanship and point-scoring aside and deliver a balanced approach to deficit reduction. “We’re going to resolve this, and we’re going to resolve this for a reasonable period of time, and we’re going to resolve it in a serious way,” the President said.
Political analyst John Dickerson speaks to Russ Mitchell about the ongoing debt talks between President Obama and Congressional leaders and the politics behind them.
Senator Johnson took to the Senate floor to note that no serious effort is being made to address the nation’s fiscal crisis. He stated his intention to begin to object to legislation coming up for a vote, unless the Senate undertakes serious efforts to tackle this crisis.