There are little spending cuts and little in tax increases in the latest
budget deal in Congress. There is something in it for everyone to
hate. The Tea Party did not get any meaningful spending cuts, and the
liberal Democrats didn't get much in the way of tax increases. Minority
leader Nancy Pelosi told Democrats, "Embrace the suck." Protests are
raging in the Ukraine over trade agreements with the EU and Russia. The
leaders want to move closer to Russia, and the people want to move
closer to the EU. Even though the stock market is at or near all-time
highs, profits have peeked. Ninety percent of companies are warning of
weaker than expected earnings. This pre-announcement season, according
to USA Today, is "shaping up to be the most negative on record." Join
Greg Hunter of USAWatchdog.com as he gives his analysis on these stories
and more in the Weekly News Wrap-Up.
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