Page 675 - Accuracy News Today

from the summer break. president obama has actively been meeting with some to create a plan. the question is how specific will it be and will it help? white house officials tell us its a work in progress, and will include tax cuts and infrastructure ideas that could create jobs, and measures that target unemployed, and struggling economic sectors. they say the president is working on a debt reduction proposal and will present the so-called super committee, and as you know its the 12 la...

one assistant chief con stanl calls it unjustified acts of wanton krlt. nearly 800 people arrested for violence, disorder and looting. more than 100 officers have been hurt. the streets have been calmer, probably because there are twice as many police on the streets as there was a night before. amazon uk reports sales of lull num baseball bats are up 8,000% since the violence broke out. prime minister, david cameron meets with his crisis response committee, and hes called lawmakers fro...

hey, kiera. >> good morning, guys. great to see you. heres some of the stories that have us talking this morning. nervous investors awaiting this hours opening bell on wall street. the doll plunged 266 points yesterday for its eighth consecutive loss. trial under way for former egyptian president hosni mubarak. the ailing hue mark could face execution if convicted in the deaths of anti-government protesters. florida watching tropical storm emily as it approaches the northern caribb...

trillion in cuts over ten years, raises the debt ceiling about about the same amount, sets up a bipartisan committee to find other ways to trim another trillion and change from the deficit. think of it as a deficit posse. it calls for both chamber of commerce eventually to pass a balanced budget amendment to the constitution. they dont actually have to pass it, they just have to vote on it. and the president and house speaker admit that the plan is not perfect, but hey, theres a deadli...

>> reporter: i think its a step in the right direction in terms of reaching a compromise. the big question remains while we have heard that harry reid signed off on the deal, where do republicans -- the key republican negotiators in this whole deal, where do they stand on the issue? in the house as well as in the senate. well, were still obviously looking to get guidance on that. we have heard from one top senate republican leadership aide who said at least -- at least right now theyre...

>> thats the house tonight passing h.r. 2560, better known as cut, cap and balance. now its a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say theyll defeat it. if somehow they fail, president obama says hell veto it. in other words, its d...

>> now, the plan does not address the debt ceiling. you see the debt clock there. it ticks down to august 2nd. thats when the u.s. could start defaulting on some of its bills. it could be a jumping-off point for a bigger deal. here are some of the highlights of the plan according to cnn senate forces, it shaves about $4 trillion off the debt load. rejiggers the tax load, cuts short-term spending by about $500 billion. it changes the entire budgeting process and it reforms social securi...

reconsiders laying on the table. >> thats the house tonight passing h.r. 2560, better known as cut, cap and balance. now its a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say theyll defeat it. if somehow they fail, president obama says he...

hacking scandal. david cameron minutes away from a show down. two major proposals in the trillion dollar showdown over the nations debt. the first is called a possible break through. the second plan is under attack by democrats. all this next on "american morning". thanks for being with us, its wednesday, july 20th, this "american morning". im kiran chetry. >> im ali velshi. do we have a lot going on today. british prime minister david cameron is about to get grilled by parliament....

emerges, or was there prior to that departure, you would have a different piece. but theres quite a -- thats an important point just to be clear about. >> my final question is it seems to me on the face of it that the news of the world was sacrificed in order to try to protect rebekah brooks position at news international. in effect, rather than her being -- having her departure being announced, "the news of the world" was offered up as an alternative to try to deal with the whole thin...