The U.S. finances are a mess, and neither the Republicans nor Democrats look like they are going to get an agreement before mandatory spending cuts and tax increases hit the U.S. economy January 1st. It looks to me like both parties are more worried about getting the blame for the “Fiscal Cliff” than avoiding it. Oh, and by the way, the U.S. will hit the $16.4 trillion debt ceiling sometime in the last week of December. Now, that’s a real “Fiscal Cliff.” What a mess. The U.N. has voted to make Palestine one step closer to becoming a country. The U.N. voted overwhelmingly to grant Palestinians non-member observer state status. It doesn’t make them a country, but it does upgrade them in the eyes of most of the world. Other topics include Warren Buffet, Jamie Dimon Treasury Secretary, Berkshire Hathaway, JP Morgan, SEC fraud charges, the LIBOR fraud, rate rigging scandal, government bailouts and more. Join Greg Hunter for analysis of these stories and more in the Weekly News Wrap-Up.
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