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Detailed text transcripts for TV channel - CNN - 20161211:22:02:00
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limit on december 31st. the treasury department said they were taking extraordinary measures to put off default. the debt ceiling debate is set to be the next big showdown in washington. both republicans and democrats have vowed to hold firm in their position. and speaking of government spending, a report published monday says the obama administration spent $18 billion on immigration enforcement last year, more than on all the other federal law enforcement agencies combined and 15 times greater than immigration spending in 1986. the nonpartisan research group the migration policy institute says immigration has become the government s highest law enforcement priority. among those likely to be unhappy with that report, critics who say the administration has been soft on immigration violators. after weeks of recovery from a concussion that led to a blood clot in her head, secretary of state hillary clinton was back in action monday as clinton presided over a state department
might be about to lose. over the past year you have probably had $1,000 extra. thanks to the payroll tax cut. you will save at least that much next year, if democrats and republicans extend it. two bills are up for vote to do just that. the democrat bill taxes millionaires to pay for the extension. the republican one freezes federal pay and cuts millionaires off from some benefits like unemployment. both bills will likely fail. because surprise, surprise, the parties haven t compromised. now congress has 30 days to pass the payroll tax extension. if they don t. people with a salary of $35,000 will pay $700 more in taxes next year. if you make $50,000 you pay $1,000 more. $75,000 in salary, $1,500 more. get how this works. on and on. economists warn that if it is not extended the u.s. could tip back into a recession. the bottom line is this, american people want it. the economy needs it. and the two major parties agree on it. so, why can t politicians get it done? at least the
the reason, a tax cut america might be about to lose. over the past year you have probably had $1,000 extra. thanks to the payroll tax cut. you will save at least that much next year, if democrats and republicans extend it. two bills are up for vote to do just that. the democrat bill taxes millionaires to pay for the extension. the republican one freezes federal pay and cuts millionaires off from some benefits like unemployment. both bills will likely fail. because surprise, surprise, the parties haven t compromised. now congress has 30 days to pass the payroll tax extension. if they don t. people with a salary of $35,000 will pay $700 more in taxes next year. if you make $50,000 you pay $1,000 more. $75,000 in salary, $1,500 more. get how this works. on and on. economists warn that if it is not extended the u.s. could tip back into a recession. the bottom line is this, american people want it. the economy needs it. and the two major parties agree on it. so, why can t politic
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