The Budget compromise; Federal Reserve tapering; Wall Street reform


Guests: Ed O’Keefe, Jesse Eisinger

The Senate passed a budget deal yesterday and many people are applauding the compromise. The agreement outlines government spending into 2015.  Marty talks with Washington Post congressional correspondent ED O’KEEFE about what’s in the deal and if spirit of Congressional cooperation will continue in the New Year.  Then, we turn to yesterday’s announcement that the Federal Reserve will reduce its $85 billion a month stimulus bond-buying program by $10 billion in January.  ProPublica’s JESSE EISINGER fills us in on the surprising news and gives us an update on the likely confirmation of Fed Vice Chair Janet Yellen and the new Volcker Rule, the centerpiece of the Dodd-Frank law, and what it means for Wall Street and financial reform.

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