Martes 05/04/10 Minutas del Fed

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VIX up 17.72

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AIG +2.98%

Au up 1,433.10

-39.09

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Los republicanos proponen un presupuesto que lo balanceara para el 2015. Sin contar con intereses.

De no ponerse de acuerdo el gobierno sera cerrado el Viernes.

Los gastos seria de $3.54 trillones - $179 billones menos que el plan de Obama.

House GOP Budget Seeks Balance by 2015

By NAFTALI BENDAVID
WASHINGTON—House Republicans on Tuesday morning proposed a budget for the next fiscal year that would spend $3.53 trillion—$179 billion less than President Barack Obama's plan—and aims to bring the budget into balance, excluding interest payments, by 2015.

As the click ticks toward this Friday's possible U.S. government shutdown, WSJ's Jerry Seib looks at proposals being weighed by Republicans and Democrats, along with efforts to raise the country's debt ceiling.
.The GOP budget for 2012, crafted by Rep. Paul Ryan (R., Wis.), chairman of the House Budget Committee, would mark a reversal of a years-long trend of growing deficits. Mr. Ryan says that after three years of deficits exceeding $1 trillion, the GOP plan would bring the deficit down to $995 billion in 2012, with deficits declining steadily thereafter.

The budget proposal stands little chance of becoming law, since it would have to be approved by the Democratic-controlled Senate and signed by Mr. Obama, and, among other things, it would repeal Mr. Obama's signature health-care law. It would make fundamental changes to Medicare and Medicaid and reduce spending on the government health-insurance programs.

The proposal marks an extraordinary political statement by House Republicans, propelled to power by a surge of concern over government spending. It's a gamble that voters are so concerned about the size of government that they are willing to accept significant cuts in popular programs and a transformation of the pillars of the New Deal and Great Society.

More
Congress Jousts as Budget Clock Ticks
Ryan's Plan for Medicare Is Huge Bet by GOP
Paul Ryan: The GOP Path to Prosperity
.Mr. Ryan, who has long advocated a significant reduction in government's reach, portrayed the changes as necessary to reverse a federal expansion that is threatening the country's financial and moral health.

The plan "calls for a government faithful to its limited but noble mission: securing every American's right to pursue a destiny of his or her choosing," Mr. Ryan wrote in the introduction to his budget proposal, which he calls "The Path to Prosperity."

Democrats, based on early reports of the budget's contents, portrayed it as an extreme document, dedicated to dismantling the protections government has provided the lower- and middle-class for decades, while declining to make businesses pay their fair share.

While government spending is currently about 24% of the gross domestic product, Mr. Ryan says his budget would bring that to 22.5% next year and to less than 20% by 2018. By 2021, the deficit would be reduced to $385 billion.

In all, the GOP proposal says it would cut spending by $5.8 trillion over the next 10 years, and spend $6.2 trillion less than Mr. Obama has advocated over the same period.

Nondefense, nonsecurity discretionary spending would be cut by $79 billion next year and by $1.6 trillion over the next 10 years. This category includes the traditional domestic spending that Congress approves each year for programs such as environmental protection and scientific research.

Such cuts would likely be politically difficult. Currently, Congress is on the verge of triggering a partial government shutdown due to a stalemate over a House GOP plan to cut a smaller amount—$61 billion—in discretionary spending in the current fiscal year. Democrats say the cuts are too deep and are offering $33 billion in cuts, some of it from nondiscretionary programs.

In the Ryan proposal, some of the biggest changes would occur in Medicare, the health program for the elderly and disabled, and Medicaid, the health program for the poor. Medicare in 2022 would be converted into a "premium support" system, meaning beneficiaries would choose from an array of private insurance plans, with government helping pay the premium.

Medicaid would be converted into a block grant for the states. The GOP budget estimates it would save $771 billion on Medicaid over the next 10 years. It would also turn the Food Stamp program into a block grant system.

To Democrats and liberal groups, these moves amount to undermining the key programs by which government helps seniors and the less fortunate. Mr. Ryan argues that these programs face financial problems and must be overhauled in order to save them.

The GOP budget would also overhaul the tax code, setting the top individual and corporate rates at 25% rather than 35%. The changes would be revenue-neutral, since the budget would eliminate a series of tax breaks. But even some Republicans say it's unrealistic to try to balance the budget without some increases in revenue.

Not all programs would be severely cut. Mr. Ryan would adopt $178 billion in Pentagon cuts identified by Defense Secretary Robert Gates. But he would reinvest $100 billion of this in other defense programs, using the remaining $78 billion for deficit reduction.

Mr. Ryan's budget also consolidates an array of job-training programs into "career scholarships" aimed at retraining workers. And it would end the federal conservatorship of Fannie Mae and Freddie Mac, the home-mortgage giants.

Write to Naftali Bendavid at naftali.bendavid@wsj.com

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GDXJ +0.80%

BVN +1.07%

-30.50

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Las mineras de oro y plata mejorando.

Todo mejorando -20.43

Recordar que las minutas del Fed nos deben dar buenas noticias de la economia.

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AKS 2% a pesar de lo de China.

LULU +3.08%

Oil down 107.99 pero no mucho.

-18.62

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Peru -0.02%


Movimientos de mercado por variación diariaAcciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
BAP US$ 106.30 US$ 0.70 0.66

Acciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
TUMANC1 3.00 -0.50 -11.76
RIO US$ 2.12 US$ -0.03 -1.40

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Oro, plata y cobre al alza.

Fitch le mejora la deuda a Brasil

-6.96

por pasar al azul.

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Argentina tiene el ingreso per capita mas alto de la region.

Puede ese pais volver a ser lo que fue en el pasado. Cambiar a la presidenta diria yo, eso ayudara.

Oil down 108.15 y subiendo

Futures cu up 4.2650

VIX down 17.32

-0.30

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En azul

+10.79

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Futures cu down 4.2540

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EGO +1.75%

+14.04

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AAPL mejorando -0.37% precio de oportunidad

+17.03

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Futures cu up 4.2660

VIX down 17.01

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Au up 1,443.50

Oil d own 108.17

+16.01