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tv   Washington Business Report  ABC  February 17, 2013 9:39am-10:00am EST

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the purchase from -- warren the merr with wall street left giddy. congress has taken a break by ading home. what does that make for the sequestration deadline?? joinining us t today, jill airo, source and peter from the universisity of maryland. congress will take a break from they have not and we do not done know where things end up. what is your prediction for what headed d forrch 1, ?equestratio it appears so. shows no intest in cutting spending and he seems being reelected, --
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being reelected, but so were the repupublicans in t e house. , and they tax cuts -- noget their spending tax hikes, and he did not get .heir spending cuts toa little less favorable w white house and they would , you but jill toro ale i tauro, what are you hearing from both sides? therere is a lack of .ompromise there has been very little in tes of what they are willing to do. they are sticking with their .arty line think suestration will .nto effect saw a propososal come from senateemocrats for basically bumpmping sequestratiothrough .ntil l the enend of the year it will never fly. republicans will not go through .ith it we see, no budging
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in terms of a hard-line and we will hit march it will go into effect, and they will have to o come up wita relay back in. the way the president has the latest is a food shortage if we have , he imposes the .ay do these cucuts there are more military band then folks stafaffing our orld.sies a around the >> sequestration was createdo they did not have that .lexibility but you have flexibility within the agency. >> mark warner justalked about it. there is more flexibili in future years. >> that is what we are tking about. those who might not have a ,ame subscription services t to
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, want to give them a cheat sheet. senator mark warner talked about in the shorort-term effect through sequestration ,nthe ntinuing resolution where all the departments have work on existing benefit. it sounds like a good idea, but there are consequences happens whenat buy are not able to have for navy .arriers was oneubmarines example that mark warner g gave, virginiacally the , we buyes right now a a time.t the cuts are puin place, to be cut needs eqequally. all the accots have to be cut equally. basically what would happen is th would buy one aa time. the volume pricing tha saveses , $100 billion per , would be oututer
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. window >>hat is a very different than whether you deploy eight or 10 marines to an embassy in libya. but that is a real problem. that is a real problem, but i am talking about .omeththingifferent there is a lot of thenistrative pernnel in drug administration, insteadcoululd cut their food inspectors. the department of agricultlture of the largest contingency economiststs that i kn of esearche d doing useless .tudieies they will not beissed.. >> i am glad you said that, because the other example given nih, i think, there nine-year rearch program in place that because of .s thehey will have e to stop >> i understand scientific doingarch, but some guy -- do an economic
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on the price of wheat can n be spared. what you are talking about mark warner, you are talking about an for governmnment painting the draconian pipicture. what it basically comes down the sequesr was to be so created ridiculous because the cuts are they do not have as as they need to sensee to say it makes to cut from this program where ,t has too many people already .ather than this other program >> peter, let's get back to jill 's original point. .he submararines thais a problem. . do not deny that is a problem , all businesses need to know what happened. another waste in virginia. >> mark warner's hope is they expandn agreement for a year
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is a short-term fix, is goinere business at way washington is .andling things >> i am not omoting one side or another, but the democrats t to the end of the .ear forhat reason the short-term fix worst case umping it you keep .ntitil yoget to novber peteries and gentlemen, morici has met his match. break andke a quick back with the number of the week. i am enjoying this roundtable
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>> welcome back.
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our number of the week, 14, the chance your household is among the nations top 10% if you live in the .ashington region a census bureau report says one households in the washington metropolitan region five percent,top that puts them earning 100 $9$91,000 or more per year.. who has them beat? connecticut, came in number one, second place, san jose, californ. do not feel bad if you did not californ. do not feel bad if you did not and i didi'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses.
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northrop grumman. roundtablble is back with the university of maryland's peter morici, and jill aitoro from t the -- from "the washingngton busine ."urnal , you had a thought had >> ratherll happen sooner .han later ththe republicans wi not bite a because the president has for theed himself .epublicans toto take a pr hit better taking it now
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had somebody will have to blink. -- now. .> somebody will have tolink i want to talk about an executive order from the president on cybersecurity. some democrats in congress say much teeth have .ithoucongressional action >> obama admdmitted that in the .tate the union .ybersecurity is a huge issue to pass has been trying that provides terms of how cybersecurity is handled and put .arameters out there >> what th are looking for theg the many things president cannot offer, ave tordcompanies , and more sharing between government and the areate sector, but they really looking for protection from liabilities >> the problem is ty want go through, and basically the private companies concern is should they help
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identy anment , or provide dataa, they do .ot want to be held liable to make sure that happenens. >> peter morici, big week for mergers and acquisisitions. you can feel the excitement om wall street. have they decided ththe prlems ?n washington do not matter like tre is a lot t of hype about the stock market being b the reality is the , 80% of the u s maet amid i it wat the level 2000. profits are up, more than doubling since thenso these elatively are still cheap compared to their profitability. looking at warren buffett , it is s a cash , growing, but n not that expeive to buy. comcast made a good deal
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.uying nbc universal i did not like american airlines the merger, and i probably will not like inow. it good for investors? >> it isn individual case. a lot of these mergers did not work out. ,ith american airlines everybody expects res to go , which will beood for stockholders, but not consumers >> and if either goes out would not bethat good for consumers others -- .ither theiryou might reform ployee praices. these days, i do not know if we in a world when we cacan .ave on regulated airlines these days, you would b be beer .lying in the third world >> there might be people with .afety issues terms of discomfort, i am waiting for them to have a carnivawheree is just plain uncomfortable to be up thehere. it is already.
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[laughter]>> it is n no offense passengers on carnival, but .t is pretty bad i view it as a hostile act place one of our students at u.s. alines as that is where learn how to treat folks. >> i am a jetblue satisfied custer. >> i driveve and take ththe tra. > thank you. have to see if your , but iions come through am placing my money on sequestration happening.
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