Page 4 - Automatic Spending Cuts News Today

Years? i think we have to balance the budget if ten years, but thats going to be hard sledding, isnt it? >> it is. his previous budget, as you know, didnt even do it over a 30-year time horizon. he didnt deal with social security in his last budget. he of course, now, famously dealt with medicare with premium support. and thats the real issue. i spent time on capitol hill this week, joe, and where realms are adamant is they want what youve been talking about. they want some kind of entitlement r...

But the cbo. the congressional budget office figures out exactly what something costs or how much money it may save. then the bottom line they need to find pay fors for automatic spending cuts that are due in the new year to defense and domestic programs. still a leading senate conservative says, he is weighing his options. >> you know, i want to see the details. and well see. so, you know, its just we have gone through a lot in the meeting and i want to settle back and, you know, understand the...

And many of the agencies can sort of fudge things for a few months, in most cases i dont think well see much impact of automatic spending cuts quickly. by the way, this has been somewhat underappreciated. in this small bore compromise that the president and many of the earlier interviewers talking about today. the one the president is pushing for, the sequester is pushed down the road. suspended. the automatic pay cuts as part of that deal suspended, something they would get back to and try to d...

Colbert. >> everywhere you go you could see the twinkle in childrens eyes because in just a couple weeks the fiscal cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> whos going to blink first? >> whos going to blink first? >> the white house is dar...

To town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> whos going to blink first? >> whos going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the jokes on him because i know some republicans who ha...

Weeks the fiscal cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> whos going to blink first? >> whos going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the jokes on him becau...

The guys we work with dont get it makes a difference whether or not you can finance a used car. 3,000 bucks makes a difference or talk about whether or not your kids are going to be able to save enough for their college. >> shepard: so where are we? we are 25 days away from a series of automatic spending cuts and expiring tax credits or tax cuts anyway? economists say that would be a disaster. possibly costing million of american jobs. today the house speaker john boehner again accused the white...

Thanks, john. "morning joe" starts right now. our country will be heading over the fiscal cliff that we ourselves dug and put in our way. its the set of automatic spending cuts and tax hikes that can only be averted if our nations leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> theres, of course, no deal. >> of course! is there a prospect for a deal? >> theres not a prospect for a deal. >> of course! but the ongoing talks. >> there are...

Serious proposal. so right now were almost nowhere. >> >> mike viqueira joins us live from the white house. where is almost nowhere? >> its inside the beltway and its business as usual. its also december 1st, alex, and we have exactly one month now to avert the fiscal cliff and avert what everybody agrees would be economic catastrophe. of course that combination of $500 billion, a half a trillion dollars in extra taxes for americans, about $2200 just next year alone for the average family. $100 ...

Martha: important meeting number three of the week at the white house about to get underway there. todays guests are the leaders of congress. president will sit down with them to talk the issue of fiscal cliff. well see how that works out. joining the president, senate majority leader harry reid, house speaker joan boehner, house minority leader, nancy pelosi, and senate minority leader mitch mcconnell. so the goal is to hammer out a deal or to begin the framework of hammering out a deal before ...