Page 2 - 779 Billion News Today

>> everyone drives a car. we always talk about heading into the election day. gas prices are near four-year highs. you can blame higher prices at the pump. they have been on the rise with sanctions on iran. iran is the fourth larger producer of oil. a fairly rosy picture, but this is something you dont hear people talking about in washington. the federal deficit. $779 billion this year. the highest in six years. typically deficits shrink in boom times, but this is huge new defense spending have ...

A bit of context. the s&p 500 is up more than 300% since the 2009 low. that is the whole rally. look at the last end. that is the trump rally. latest rise is the tail end of the nine-year old bull market. almost everyone drives a car here and this is the economic indication for more people in america going to the polls today. gas prices near a four-year high. volatile oil prices are to blame and the global market. they have been on the rise thanks to sanctions on iran. iran is the fourth largest...

The s&p 500. the recent rise is the tail end of a nine year-old bull market. not all americans own stocks. but almost everyone drives a car. this is the economy indicator that matters. gas prices are near a four year high. you can blame a volatile energy crisis. blame higher prices for oil. for the higher price at the pump. thats really largely due to the oil sanctions on iran. those went into effect yesterday. and iran is the worlds fourth largest producer of oil. this number doesnt get enough ...

Most objective americans would see that the country is better off than it was two years ago and they do not want to see the democrats, nancy pelosi, take power to bring chaos and gridlock to washington. they will try to impeach the president. they want to abolish i.c.e., thats the agency that stops drugs come down then coming into our country. plus $32 trillion tax increase to pay for it. thats why i think weve got a really good chance because history, although its not our friend, we got a good ...

Fiscal responsibility? >> look, my problem right now is i dont think either party is a party of fiscal responsibility. >> you have republicans -- >> all right. thats a fair point. >> you foe whknow what i mean? >> yeah. >> you asked me what trumponomics is. >> you will not be able to make any progress on the deficit if you dont have that. he puts job in the economy and if we keep up this kind of strong economy, right now the deficit will start to fall as you have more people working. >> you moe ...

Women, teenagers and children. >> its a humanitarian need and the united states should be out there try to help. >> spresident trump once again threatening to send the military to the border. >> not just the national guard, the military is what i am thinking about. >> the president also touting his new promise to impose a 10% tax cut for the middle class. >> we are putting in a resolution this week. >> the president telling "the wall street journal" the plan will be revenue neutral. the national...

Tax cut. and president trump is also pushing these tax cuts at a time when the republicans are coming under scrutiny for soaring deficits, hitting about $779 billion over the next six years, but also congress is not in session. the chances of tax cuts passing before the midterm elections are slim to none, john and alisyn. president trump also hitting the road again today and tomorrow before the midterms. >> actually, the chances are none to none. congress isnt there to pass a tax cut. >> i think...

The original $1.5 trillion is ballooning the deficit. swelling 17% in 2018 to $779 billion. the highest in six years. insiders say this is a campaign talking point. >> no need to speculate. it is a blatant lie. >> two weeks before the midterms. >> no plan. >> the president wants to remind people he cut taxes and he wants the middle class to think he can do more. >> if he wanted this tax cut, he had 18 months to get it through. we all know what this is and im certain the crowd knows what this is....

The treasury department has the deficits $779 billion. its projected to hit $1 trillion in 2020. the only way to offset that as a result of tax cuts would be if the amazing growth that the president talks about that would be unleashed were to happen. how do we evaluate that? >> well, theres no prospect that thats going to happen. every single forecaster evaluating the bill when it was being considered by the congress said it was going to lose money, increase the deficit, over the long one. only ...

Here is the problem. there is no chance of any plan passing before then. congress is in recess through the election. even after it is unlikely to pass after the lame duck session. many critics say it helped corporate america, not the middle class which trump acknowledged saturday adding the new plan would not be for businesses at all. the original $1.5 trillion tax cut is ballooning the deficit. the deficit rose to $779 billion. the highest in six years. >> a lot of mystery there. congress not t...