4294 Billion News Today

Ahead of the tokyo olympics, we have an extraordinary look inside the nuclear disaster at the fukushima power plant. keir simmons found people still feeling the impact nine years later. >> reporter: weve been given rare access to ground zero of one of the worlds worst nuclear disasters. we keep a radiation monitor close. nine years ago, japans strongest earthquake in history followed by a 30-foot tsunami. 22,000 people dead or missing. the wall of water smashing into the power plant causing melt...

Here in the u.s. it potentially could mean higher prices for consumers. we see other countries hit back at the u.s. yesterday, canada slapped retaliatory tariffs on $13 billion in u.s. goods. that includes a 25% tax on 40 u.s. steel products and 10% tax on items like maple syrup, coffee beans and strawberry jam. it makes products -- those products more expensive in canada and can wind up hurting u.s. exporters or u.s. companies. american companies that sell goods in canada could be forced to cut...

To avoid a trade war. trump threatened tariffs on chinese imports last week. really important here, the timing. china is also the u.s. biggest foreign creditor, just ads the government plans to -- just as the government plans to sell $294 billion worth of debt this week. look at that. thats the highest amount of debt issued since the financial crisis. china owns more treasury bonds than any foreign country. the sale is to boost federal revenue because of trumps tax cuts. companies are paying les...

On one. the u.s. is also currently talking with china to avoid a trade war. trump threatened tariffs on $50 billion of chinese imports last week. china is also the united states biggest foreign creditor. just as the government plans to sell $294 billion of debt this week, the highest level since the financial crisis, china owns more treasury bonds than any foreign country. the sale is to boost federal revenue, weve got to borrow money to balance the books because of the big tax cuts. back to c...

One on one. trump threatened tariffs on chinese imports last week. chinas also the u.s. biggest foreign creditor just as the government plans to sell $294 billion worth of bonds, issuing debt this week. the biggest amount since the financial crisis in 2008. china owns more treasury bonds than any foreign country. the sale is to help boost federal revenue declining because of trumps tax cuts. let me say this again -- you remember how republicans and fiscal conservatives screamed during 2008-2009 ...

Burning through cash at the treasury like drunk een sailors. the treasury has no idea whats happening in his own joint. in the trump administration, they burned through $294 billion in cash. they started with $382 billion. its down to $88 billion and dropping by the day. the rate they lost cash year between march and early june, they will be out of cash by memorial day. theres no reason to believe that will be any different this year -- >> neil: raise the debt ceiling. >> theres no pathway to a ...

Down -- >> no. theres no down. the first quarter gdp is coming in at 1%. i mean, this whole lit flurry of, you know, bullish and enthusiasm in the stock market is meaningless once its clear the tax cuts wouldnt happen and this debt ceiling crisis is going to take down the whole system. why did they allow $294 billion of cash to be burned up? i want to tell you something really important. only $237 billion of that was to covered the inherited deficit that you cant blame trump for. but he used $57...

Its not like its a business where they have to hire honest and good people in order to function. they just didnt want to fire their buddies. >> i think president obama should push him out or fire him. and i also blame congress. their job is for oversight and they hold hearing after hearing and nothing gets done. >> and its interesting that the irs response to this was that, look, well be more transparent, but we want the commissioner to still have discretion in these cases. and thats really not ...

Some common ground? >> democrats, look at the heart of it. the democrats say we wont cut a dollar a future spending unless you give us big tax increases on the tune of trillion of dollars. rep cans came up with tax reforms that generated more revenue that were in the hundreds of billions of dollars but the democrats said we will not cut a dime in spending unless you give us billions of dollars in tax increases. and look, heres what is going to happen as a result of the democrats unwilling to mak...

Controversial move and domestic spending cuts will be included. $294 billion of those and nonmandatory spending. and for spending for medicare, that would also be slashed to the tune of $123 billion. and these cuts would go into effect in 2013 and they will last until 2021. with no deal in sight, the super committee not looking so super. so if it does all fail as is now being predicted, what does that mean for our political system and the ability of washington and the politicians to honestly fac...