Bill Deficit News Today

That. some like somebody checking off the list of christmas things to buy. got to get us a compliment and heres the problem with this bill. it creates a $1.5 trillion deficit thats going to be on the shoulders of millennials like myself thats what makes this bill problematic and thats why theyre going to have problems getting the votes they need to pass it. one was in particular that folks should watch for is john mccain who voted against the bush tax cut for that same reason and that it explode...

Jon? jon: i thought the worst of it was over for california? i thought they kind of fixed their budget problems? >> reporter: yeah, dont you wish. no, not at all. we have a $#21 bill deficit that -- billion deficit, and right now lawmakers only averted problems last year by using gimmicks. this year that is not an option. everyone expects big fights over deep cuts. here is a worst-case scenario laid out by several economists here. number one, the governor is hoping for an $8 billion federal bail...