this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. the bitter stalemate over raising america s borrowing limit and reducing its deficit continues playing out in washington. tom, it looks less likely that lawmakers will have an agreement before next week s deadline. tom: susie, even though there s still a little hope for a last-minute deal, it doesn t seem possible at this point before early august. a new reuters poll finds a small majority of economists thinks the u.s. will lose its triple-a rating from a least one major rating agency. we ll hear directly from the rating agencies tomorrow, when executives from standard & poor s and moody s investment services testify on capitol hill. they ll be questioned about the role their industry plays in the debt ceiling debate. susie: in tonight s program, we ll detail why every american has a stake in these negotiations and get advi
nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. it was the president s turn to present a deficit reduction plan today. president obama unveiled his long-term blueprint to reduce the nation s massive deficit by $4 trillion over 12 years. tom, besides spending cuts the president proposed to raise taxes on wealthy americans. susie: susie, that tax idea is a clear difference between the white house plan and last week s republican budget proposal to tackle the red ink. obama says his idea includes $3 of spending cuts for every $1 in higher taxes. and while he wants to slash medicare and medicaid by $500 billion, obama proposes no changes in social security. susie: president obama s speech at george washington university was tough and forceful, and as darren gersh reports, it laid out a very different view than the republican prop
nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. it was the president s turn to present a deficit reduction plan today. president obama unveiled his long-term blueprint to reduce the nation s massive deficit by $4 trillion over 12 years. tom, besides spending cuts the president proposed to raise taxes on wealthy americans. susie: susie, that tax idea is a clear difference between the white house plan and last week s republican budget proposal to tackle the red ink. obama says his idea includes $3 of spending cuts for every $1 in higher taxes. and while he wants to slash medicare and medicaid by $500 billion, obama proposes no changes in social security. susie: president obama s speech at george washington university was tough and forceful, and as darren gersh reports, it laid out a very different view than the republican prop
doing nothing on the deficit is just not an option. our debt has grown so large that we could do real damage to the economy if we do not begin a process now to get our fiscal house in order. susie: president obama lays out his plans for reducing the nation s debt by $4 trillion over a dozen years. tom: the proposal includes changes to the defense budget, health care spending and higher taxes for some americans. you re watching nightly business report for wednesday, april 13. this is nightly business report with susie gharib and tom hudson. nightly business report is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. it was the president s turn to present a deficit reduction plan today. president obama unveiled his long-term blueprint to reduce the nation s massive deficit by $4 trillion over 12 years. tom, besides spending cuts the president propos
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. it was the president s turn to present a deficit reduction plan today. president obama unveiled his long-term blueprint to reduce the nation s massive deficit by $4 trillion over 12 years. tom, besides spending cuts the president proposed to raise taxes on wealthy americans. susie: susie, that tax idea is a clear difference between the white house plan and last week s republican budget proposal to tackle the red ink. obama says his idea includes $3 of spending cuts for every $1 in higher taxes. and while he wants to slash medicare and medicaid by $500 billion, obama proposes no changes in social security. susie: president obama s speech at george washington university was tough and forceful, and as darren gersh reports, it laid out a very different view than the republican proposal offered last week. reporter: the preside