With less than two weeks before the U.S. economy falls off a fiscal cliff, the stalemate in Washington continues. Proposals from both sides have been called ‘inadequate’, and ‘deficient’, leaving little hope for a deal before the new year. The debate has focused largely on taxes and how much the wealthiest Americans will see their rates go up, but tax hikes on the rich alone aren't the answer.
All the noise in Washington is obscuring the fact that the US economy is getting healthier every month. The housing market is making a come back, stocks continue to climb and consumers are feeling healthier. The economy is on the verge of an economic renaissance, but Washington needs to get out of the way.
Ali Velshi is joined by Fareed Zakaria, Mohammed El-Erian, Illinois Gov. Pat Quinn, Ken Rogoff and Mark Zandi.
CNN's Your Money with Ali Velshi airs this Saturday at 1:00p ET and Sunday at 3:00p ET.