Page 7 - Automatic Spending Cuts News Today

Automatic tax cuts from going into place. excuse me, automatic spending cuts from going into place. >> spending cuts. what people should know is that one way or another were going to have $1.2 trillion in reduced spending. it could either be done the ugly way, which would happen if our committee fails. or we could do it more intelligently. but we do have the opportunity, even if the committee fails, to work around the sequester so that we still have $1.2 trillion in savings over ten years. but i...

Literally what has changed? nothing. if the super committee cant come to a consensus, automatic spending cuts will kick in, $1.2 trillion over ten years to military and domestic programs. defense secretary leon panetta warns the cuts slated to start in 2013 could cripple the military. committee members dont expect a breakthrough, but the obama administration is still urging them to accomplish what they set out to do. in a statement, the white house said in part this, avoiding accountability and ...

Protesters at close range. and ill get an experts analysis of the video, and what should be done next in the video of the campus police. newt gingrichs reaction to the occupy movement is still getting reaction of its own. >> go get a job right after you take a bath. >> during that same event newt teared up while discussing his failed marriages and personal choices he made. was he looking for the sympathy hes unwilling to offer the occupy protesters? moments ago on capitol hill, there was t...

theyre acting as though its today. is there any news in the last 50 or so minutes since we last spoke? >> reporter: since we last spoke, that impromptu meeting you and i were talking about between a bipartisan group of members of the super committee, that has broken p up. as members were leaving, senator max baucuss, facing a mass of reporters, the only way to describe it, he actually mentioned that theres possibly a new tax idea being floated possibly by senator john kerry. as you and...

Overtake hope. >> talks have taken place over the weekend. they will continue to take place. but the reality is we need to come to an agreement. we have to get it drafted and it has to be estimated by the congressional budget office by the end of monday. >> i think we are deep into the fourth quarter but there is still time on the clock. i dont think any of us wants to let the time run out without trying everything possible to get there. >> if the supercommittee fails then the law says a set of ...

Services, the impact of these cuts would be devastating for the department of defense. as a result we would have to formulate a new security strategy that accepted substantial risk of not meeting our defense needs. would you support a workaround of some measure that would not -- that would prevent the automatic tax cuts from going into place. excuse me, automatic spending cuts from going into place. >> spending cuts. what people should know is that one way or another were going to have $1.2 tril...

religious leaders have come out and said it is your duty to satisfy the desires of your spouse. that is the topic in this mornings "faces of faith" segment. also, you remember actress mila kunis was asked by that young man to the marine ball. she delivered on her promise. well tell you how the night went. lets start. in washington, d.c., the deficit super committee doesnt seem so super right now. they were supposed to be working through the weekend to get a deal done before this we...

workers burning off the beaks of chicks without painkillers. it shows one swinging around a bird with a rope. the undercover footage comes from its facility in colorado. it produces the eggs for mcdonalds. 27-year-old nathan runkle is the executive director for mercy for animals, a company he founded when he was 15 years old. theyre dedicated to preventing cruelty to farm animals. >> to know that this abuse was taking place for mcdonalds and egg mcmuffins and appalls pea. were hoping t...

lisa, what happens now? >> right. a couple of things happen. first of all well get the official announcement as youre talking about, saying that may come tomorrow, discussions under way. as the super committee fails that would trigger across the board cuts of 8 to 9% to most every government agency and those would not go into effect another year. a lot of speculation to whether congress will pull that back. but lets get back to sort of where we are right at this moment. behind the scen...

that there may be accusers with abuse allegations dating back to the 70s. then late today another report surfaces. it concerns sanduskys former charity, second mile, the one he founded and allegedly employed to recruit victims while projecting a saintly image to the community. second miles chief executive david woodall telling both "the new york times" and the local "patriot news" the organization could end up folding. thats one of three options he laid out that in his words something ...