Page 12 - 175 Billion News Today

a string of delays the house narrowly passed speaker john boehners version of a debt reduction bill. >> i stuck my neck out a mile to try this. to get an agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try this. to come to an agreement to avert us being where we are. a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and...

$175 billion in the hole. theyve seen there is $2,100 in additional premium costs when they were told that this would bend the cost curve and the premium costs would go down. they actually, like i say, have just about -- they come up with a program here that was so partisan to begin with, not one republican was even asked to participate in the end, and now theyre stuck with this dog and they dont know what to do with if. so they keep saying things that arent true about it when we put the facts o...

Lets talk a little bit more about this. chief washington correspondent jim angle is with us with more. jim? >> reporter: hello, jenna. half the reduction in number of uninsured people under the new law would come from a federal expansion of medicaid, health care for the poor. the new law would push some 16 million people into the program but the states pay a share of medicaid and theyre already in financial trouble. listen? >> $118 billion in new unfunded mandates on the states already $175 bill...

Welcome back. youre watching "world one." >> just six days into the japanese disaster. it is it too early to figure out all the financial losses. it could be the most costly disaster ever. if that turns out to be true, losses from the japan quake and tsunami could exceed those after hurricane katrina in the u.s. in 2005. that storm and the floods that followed it cost $125 billion. investment bank credit suisse estimates it could top $175 billion. >> those fears are having an impact. stocks in j...

Im. >> we had a late day surge. the dow jones industrial average finished 51 points lower. the s&p 500 lost nearly an eight. the nasdaq fell 14. events in japan having a noticeable impact and i number of sectors. japan as nikkei index closed down more than 6% overnight as industries and refine rice shut down production. losses are estimated at around $175 billion. u.s. oil refiners soared on hopes they will be picking up some of that activity. solar stocks also gaining ground after the quake rai...

Director. heres a preview of what were expecting to hear from governors and the number one complaint when it comes to budget shortfalls and it comes to the government is medicaid. chuck, youre exactly right. across the country, governors are facing a combined $175 billion shortfall according to the national governors association and that would be one obvious topic of discussion when president obama and vice president biden meet with a bipartisan group of governors with the white house later this...

Pyongyang is threatening to attack border towns in south korea if seoul doesnt stop dropping leaflets into north korea. the nations governors are pleading with the federal government not to cause them any more financial pain. while in washington, for their annual meeting, they are asking the obama administration and the divided congress to prevent a government shutdown and also to reconsider drastic spending cuts that could cripple states. according to the national governors association over t...

Following the passage of iranian warships through the suez canal. irans navy chief met with syria today. the two need to meet for cooperation navies of the two countries including training. two iranian warships reached syria after passing through the suez canal and first trip like this since irans 1979 islamic revolutions. here at home the nations governors are pleading with the federal government not to cause them any more financial pain. while in washington for their annual meeting, they are a...

Collective bargaining at the state level. in the opening press conference today, none of the governors broached the subject of public service unions. lots of talk, though, about the financial plight of the states. the governors, unlike congress, are required to produce a balanced budget. most are deeply in the hole. and deeply mindful of their relationship with the federal government. >> the states are facing $175 billion shortfall in the next two years. even though congress does that can underm...

Heres what some had to say >> this critical time where the states are facing 175 billion dollar shortfall in the next two years, anything that congress does that can undermine our recovery will be troublesome to us. >> federal government can do for us is not money, it is flexibility. let us run our states with the resources that we have and we would be very happy to work with you in dealing with the deficits. >> reporter: the governors in washington this weekend to discuss the economy, education...