Page 2 - 984 Billion News Today

So they understand the staggering numbers, $984 billion added to the deficit just next year, close to a trillion, if this budget is what ends up happening. thats an 89% increase. thats higher than what the president projected meaning its over what he ever projected would be happening. how can you agree to this? >> first of all, weve had eight years under the prior administration where we added over $10 trillion. >> you didnt like that -- im interrupting because republicans rung their hands, and ...

Indiana. i understand parts of the country have different attitudes about guns. again, i think weve really gotten a twisted view of what the american norm is. if you go back to the 19th century or the earlier part of the 20th century, gun control laws were much stricter, even in free-wheeling -- or places perceived as being free wheeling like texas, colorado, western states. i think that our sense of normal has just moved so far away from what a middle point is that we need to get back there. >>...

Problem. i hope that happens when gets back from israel. >> chris: before you deal with the budget you have to pass a continuing resolution before march 27 and going on recess at the end of this week, to keep the government running otherwise it shuts down. the question, senator durbin, is will the senate pass a cr, a continuing resolution that keeps spending at $984 billion which is what the spending level is of the house cr including the sequester cuts? >> chris, when i left, washington, on thu...

Problem. i hope that happens when gets back from israel. >> chris: before you deal with the budget you have to pass a continuing resolution before march 27 and going on recess at the end of this week, to keep the government running otherwise it shuts down. the question, senator durbin, is will the senate pass a cr, a continuing resolution that keeps spending at $984 billion which is what the spending level is of the house cr including the sequester cuts? >> chris, when i left, washington, on thu...

Costs by tomorrow, some time, and it is very difficult to see how all of that work could be done in that period. >> i think we are deep into the fourth quarter but this is still time. i dont think any of us want the time to run out without trying everything possible to get this. >>reporter: the super committee is required by law to have 48 hours for members to review the c.b.o. calculations before voting on any deal which is why it has to be done by tomorrow to vote on wednesday. a moot point if...

I hope that happens when gets back from israel. >> chris: before you deal with the budget you have to pass a continuing resolution before march 27 and going on recess at the end of this week, to keep the government running otherwise it shuts down. the question, senator durbin, is will the senate pass a cr, a continuing resolution that keeps spending at $984 billion which is what the spending level is of the house cr including the sequester cuts? >> chris, when i left, washington, on thursday we ...

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Problem. i hope that happens when gets back from israel. >> chris: before you deal with the budget you have to pass a continuing resolution before march 27 and going on recess at the end of this week, to keep the government running otherwise it shuts down. the question, senator durbin, is will the senate pass a cr, a continuing resolution that keeps spending at $984 billion which is what the spending level is of the house cr including the sequester cuts? >> chris, when i left, washington, on thu...

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Spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more than half of married couples with two children will owe an additional $4,000 in taxes a year. and the 2011 temporary payroll tax cut expires, meaning a 2% tax increase for most workers. if nothing is done, $984 billion in defense and non-defense cuts that congress agreed to, which is referred to as so-called sequester in w...