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  • Says U.S. economy expanding,healing.
  • Europe solutions will take a long time .
  • Europe needs a ‘fiscal union’.
  • Says ‘ this is Europe’s crisis’.
  • Long -term reforms not likely before election.
  • We want to move quickly ‘ but will take election.
  • Europe needs more immediate short-term growth support.
  • Says Europe ‘significant’ risk to U.S.
  • Says U.S. economy ‘definitely ‘ slower’.
  • Sees ‘foundation-laying to bridge fiscal divide.
  • Sees ‘big headwinds’ to U.S. economy.
  • Says Obama will be firm on his tax cut position.
  • Says Obama ‘absolutely committed ‘ to tax-cut position.
  • Says many see risk of recession due to ‘fiscal cliff’ .
  • ‘Quiet conversations’ are taking place on capital hill.
  • Would be irresponsible to extend tax cuts for top 2%.
  • Says US economy ‘