613 Billion News Today

>> david, let me help illustrate what youre talking about. we do have a graphic that we can show of the house defense budget. well its actually the next one that i wanted to show because the one i want to show i need your help with the math here. this -- let me show you something. the house gop budget on defense is to the left side. the white house defense budget is to the right and these things look strikingly similar to us. for defense, 523 billion the house wants. the house wants 520 billion....

Defense spending. were going to put $90 billion into the emergency fund so well have more spending on military. isnt this the kind of gimmickry that house republicans have fought against for years? >> no not at all. its actually a flexibility. look war is a very difficult thing to calculate the exact expenses on. we want to provide maximum flexibility. if you actually look at total military spending over ten years, we do almost $400 billion more than the president. this year coming up were actua...

Increase and tax increase by $613 billion. the last thing that happened was the tax increase and the ryan-murray program.fe the president has perfected the art of going behind closed eyes pretending hes going to negotiate when hes not.bu he talked about changes in social security and common sense reform. theres a notion that heser gr actually interested in coming together and addressing the bargain or any plan to address o the long term unemployment. he wants to increase spending and fulfill the...

More than 59. was what was the cause of all of this? take a look. >> all of this fallout from what happened last night in new york, as lehman brothers filed for bankruptcy protection just after midnight, with $613 billion in debt on its books, lehman is by far the largest bankruptcy ever in this country, dwarfing world cam back in 2002. >> so lehmans filing for bankruptcy the night before wasnt the begin of our financial meltdown. that was fueled in part by the implosion of the housing market th...

System. >> as lehman brothers filed for bankruptcy protection just after midnight. with $613 billion in debt on its books, lehman is by far the largest bankruptcy ever in this country. >> while merrill lynch, the giant brokerage firm, sold itself to bank of america in order to save its own skin. >> as the merrill lynch deal was harm hammered out, word came late that insurance giant aig was also struggling to raise $40 billion to stay afloat. >> good evening and even congratulations. you are now ...

Fatal floods are causing evacuations size rain is coming down out west. we will hear from the governors of both states in about an hour. on this friday the 13th, this is "the daily rundown." back to my first reads of the morning. five years ago sunday, lehman brothers sent shock waves to the economy and setting off the chain of events that sent the nation into the great depression and caused a global collapse. >> whats been called the worst financial crisis in modern times certainly the largest ...

The tsunami began this weekend. >> one of the worst days ever for the american financial system. >> as lehman brothers filed for bankruptcy protection just after midnight. with $613 billion in debt on its books, lehman is by far the largest bankruptcy ever in this country. >> while merrill lynch, the giant brokerage firm, sold itself to bank of america in order to save its own skin. >> as the merrill lynch deal was harm hammered out, word came late that insurance giant aig was also struggling to...

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