Page 2 - 960 Billion News Today

With more hard-line numbers. that calms as the president and his aides are trying to figure out how to keep the strong economy that they relied on the last two years, impact as he heads towards reelection. as economic warnings signs are flashing, tonight president trump is sending mixed messages. >> im not looking at a tax cut, we dont need it. >> reporter: part of the confusion, whether or not the president is considering a tax cut. >> president obama did that in order to artificially jack up t...

Climate crisis the core issue of his campaign but failed to gain traction. a source tells cnn inslee plans to seek a third term as washington governor. still, 22 candidates remain in the field. ten have qualified for the next debate. tom stier is one poll away. remember when president trump said he would eliminate the debt in 2016? its skyrocketing at an alarming rate. theyre anticipating the debt will reach $960 billion for the 2019 year and reach $1 trillion for the 2020 fiscal year. driving...

Eye-popping numbers show the u.s. deficit is skyrocketing at an alarming rate. the congressional budget office is now predicting the deficit will heech $960 billion and will reach $1 trillion for 2020. there is a huge spending package, too. adding to the heat is a two-year budget deal recently signed by the president. that deal set to raise government spending by hundreds of billions of dollars. the dismal forecast also comes as the president said his administration is weighing several tax cut p...

They do not change the overall picture of a healthy job market. "the new york times" is updating that evidence that economy got less of a jolt and last month lowered the economic growth from 2018. >> forecasts now reaching $960 billion for the 2019 fiscal year expanding to $1 trillion in 2020. the increase of u.s. borrowing is a result of the u.s. spending and tax cut policies. "the new york times" points out policies have largely gone along with president trumps move to add more debt. >> joinin...

And we heard the president say today right there in your report that were working on background checks. anymore from the white house on what exactly hes talking about? >> reporter: well, the president, david, says he still has an appetite for background checks, but its unclear tonight what exactly hes willing to support. and without clear guidance from the president, its unlikely that republicans in congress are going to support any major changes. david? >> mary bruce with us again tonight. than...

Lowered its estimate of economic growth in 2018 and updated projections from the congressional budget office say the federal deficit is growing faster than expected with forecasts reaching $960 billion for the 2019 fiscal year and expanding to 1 trillion in 2020. while the increase in u.s. borrowing is a result of the administrations spending and tax cut policies, "the new york times" points out congressional republicans have largely gone along with mr. trumps moves to add more debt, even as the...

Information to talk september 19 and 20th in washington. the ongoing trade war is expected to reduce the u.s. gross domestic product. the total provides by .3%. and that could reduce the income by the average household expects year. remember, if thats true, that offsets the projections of a recession some have been making because a recession would be no growth or negative growth. the other big headline from todays report, federal budget deficits, ceo said this years deficit will reach $960 bil...

Observer? >> well, it comes to down to what all politics is all about,s the money. and when you go home to districts and get in town hall meetings with republicans like nick mulvaney or jeff duncan, you hear what you said when we open the show, an insurmountable debt problem. so it doesnt matter, this wont be the last time were talking about spending. i hear it all the time. folks back home dont think we have a revenue problem in washington. they think we have a spending problem in washington. a...

And another potential downgrade on u.s. credit rating. joining me now, judd gregg, co-chair on the campaign to fix the debt. senator greg, thank you for joining me. >> thank you for having me on. >> its a new year, new congress, but has some old problems, the debt mainly. what will happen this time? >> well, you know, the congress and the president made two efforts here that have been fairly substantive. the 2011 effort reduced discretionary spending by $900 billion and a tax increase of $960 bi...

A canned question with a canned answer. ive used it myself. what would have been better for president obama had he said im not worried about the mistakes because im focused on the second term and this is what i want to do for america going forward. boom. done. change the subject. >> greg: can i make a point. talking about the competency of romney, the only thing obama ran before the presidency was his stockings. >> bob: i heard that rumor myself. >> andrea: support hose. go ahead. >> eric: you d...