584 Billion News Today

Americans who are three months or more behind on their car loan payments, according to new numbers out of the federal reserve bank of new joining us live from london, obviously, a troubling number from economists. >> quite an alarming number there. more than 7 million americans are three months behind on their auto loan payments. this is higher than the peak reached in 2010 on back of the financial crisis. it is a big $584 billion jump in total auto loan debt, the highest numbers for the past 19...

2010 as the country was beginning to recover from the greatest recession weve seen. and the volume of those loans is higher than ever. topping out at more than 584 billion bucks of outstanding debt. if those loans begin to default which happens at the 90-day delinquency mark, it could have a harsh effect on american workers. according to analysis done by brookings institution, almost 128 million of the 150 million american workers studied in a 2016 relied on their car or they car pooled to get t...

Thought that president trump would really pull the u.s. out of nafta. it has been renegotiated about 11 times since it was first instituted, and it does need every few years some kind of updating for modernization, for cyber things, for job creation. and when you talk to mexican and canadian officials, i dont think anybody really thought that president trump would pull out, because it is a shock -- it would abe shock to the system. yes, the u.s. has lost some jobs to mexico, to canada, but the j...

Feeling by u.s. commanders that it is going to have to be these countries, with assistance from allies, that are going to be the ones that are going to defeat isis eventually. >> also, guys, were getting major reporting in terms of the details of this budget. lets tick through it for you. what we know from an official from the office of management and budget, the president is going to call for a $54 billion increase to defense spending, thats a 10% increase of the budget, last year it was $584 b...

Thats $584 billion. he wants to raise rates on capital gains and def dends, $242 billion. other changes and exemptions and deductions, $165 billion and raise estate taxes. this all adds up to $1.6 trillion. if you want $1.6 trillion of revenue, that is very hard to get it without raising rates on the top 2%. thats the presidents fundamental point. >> andy, what is the impact of raising $1.6 trillion in taxes and the spending cuts? the "wall street journal" suggesting the top business leaders are...

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