medicaid i mean, he does, in fact, have cuts there as well. you see a budget that achieves a debt that s rising less quickly than the economy, that stabilizes the debt to gdp ratio. it s the opposite of what we saw under ronald reagan or george bush. the evidence is very strong. thank you for joining me. you re welcome. coming up, a report from the field as the president travels through iowa but, first, tyler mathison has the cnbc market wrap. good afternoon, tyler. reporter: good day to everybody. it s a wishy-washy day with the dow industrials closing lower. that he finished down by 38 points but the s&p 500 lost just about 1 3/4. the nasdaq was 1 2/3 points higher. a mixed market on wall street today. copd makes it hard to breathe, but with advair, i m breathing better.
bret: major garrett live at the white house briefing room tonight. thank you. mortgage applications surged 13% last week. as consumers continue to take advantage of the lowest rates in decades. home refinancing has reached the highest level since may of 2009. stocks were up again today. the dow gained 9 2/3, the s&p 500 was up 1 2/3. the nasdaq added 6 1/4. bret: america s election headquarters begins in washington state again tonight. incumbent democratic senator patty murray, and leading republican challenger dino rossi finished one-two in the primary there. in washington, the top two vote-getters move on to the general election in november. in wyoming, former u.s. attorney matt need won the republican gubernatorial nomination and will take on democrat leslie pearson in the november election to replace governor friedenthal who is prohibited from seeking a third term. the florida primary is
$100 billion. aig s ceo says the company is preparing for an exit from the u.s. government control. investors on word of this pretty much are in favor of that. aig shares are poised to open higher. let s take a look at where the markes are now. aig shares are up about 1 2/3 percent. nasdaq and s&p are trading to the downside but not as bad as one might have expected. felicia, thanks whether the job start coming back, they may not pay as. . alison kosik in new york. that s not good news. say good-bye to the fat paychecks and big promotions. economists are saying salary growth has really dramatically slowed since the recession. over the past year, average hourly earnings have only gone up less than 2%. let s face it. with unemployment sit at 9.5%, workers lose their bargaining power. there is little incentive for
agreed to purchase previously owned homes fell 7.6% in january. stocks were up today. the dow gained 47 1/3. the s&p 500 finished ahead 4 1/5. nasdaq picked up 11 2/3. some state that are hemorrhaging money are looking to take a bite out of public education. the defense goes on offense. in the case of navy seals charged with roughing up a terror suspect.
agreed to purchase previously owned homes fell 7.6% in january. stocks were up today. the dow gained 47 1/3. the s&p 500 finished ahead 4 1/5. nasdaq picked up 11 2/3. some state that are hemorrhaging money are looking to take a bite out of public education. the defense goes on offense. in the case of navy seals charged with roughing up a terror suspect. (music plays)