Budget Path News Today

the howls were hearing from some lawmakers, it sounds like we might be. on the right, theres chip roy, congressman from texas. "im going to have some blunt conversations with my colleagues and the leadership team. i dont like the direction they are headed." freedom caucus member bob goode of virginia saying im concerned about rumors that a deal will raise the limit more than we want. senator mike lee from utah, i will use every procedural tool at my disposal to impede a debt ceiling de...

Lot of drama there today. The lead starts right now. World leaders taking the stage, pushing their priorities for some of the biggest issues of our time. Casting Russias Vladimir Putin as global villain number one, while fighting against waning support for ukraine. And here in d. C. , a House Republican calling his party the, quote, clown show. While infighting and name calling do nothing to solve the more immediate problem of federal government set to shut down in just 12 days. Plus, new allega...

Deal. the presidents negotiating team has been negotiating with house republicans multiple times a day since last sunday when the speaker and the president talked. they went late into last night. there was another meeting today. so, were getting a bit closer. i think the good news is all congressional leaders have agreed that default is not an option. now theres a negotiation over the terms of the budget path forward. the president, his negotiators, are negotiating to make sure we dont give up k...

Two years ago. >> thats exactly right. its what the president has been talking about in ferm terms of a balanced approach. lets make an investment, but we can be mindful of our deficits and mindful of spending. but the republicans were just not interested in that. they have this fairy tale that they like to tell, and its particularly offensive when you consider that paul ryan himself benefited from social security as a young man and now wants to, you know, cut that kind of program for young peop...

Altar of deep cuts and an austerity philosophy. >> i want to bring the panel in because you know, the congressman talks about making smart cuts now. whats in it for democrats to do any grand bargaining at all. any savings that would be applied in cutting the budget, would not be applied to their priorities. its not as if youre going to reduce government spending on x and spend it more on the poor, spend it more on things democrats care b. why are democrats arguing for a budget at all? >> you and...

Been released yet. its a little bit late. can you tell us when well expect that on capitol hill? >> the president is doing everything he can to get the regular order back in order to make progress. the president has made repeatedly proposals for a balanced approach to get us on a sustainable budget path. he just a week or two ago posted on the web his proposal which outlined closing of tax loopholes so we can replace the sequester, which the longer it stays in place is going to be a drag on the ...

Regard is a lot the dysfunction nalt is alarmingly familiar. if we go over the cliff, we resolve too much of a debt situation all at once, unlike greece where they are today, interestingly, if you actually go over the cliff, you get on a budget path thats a far more sustainable than the current one, we do it much too quickly. >> except if you go over the cliff and given how tenuous this economic environment is right now, the message it sends to business leaders, employers, this place is not only...

Fierce that if governor romney wins hes inheriting an economy on the up swing and would be able to step in and start taking credit for it? >> well, probably one of the democrats figurest feabiggest simply that romney wins. i have heard this argument. theres something to it. there are very much economic cycles embedded in our economy. and the next president is absolutely going to preside over an improved economy relative to the last four years. that said, i think the important thing there is to l...

Path and you get to 18 trillion. and 19 in 15. and 20.3 trillion in the yearr 20 16. thats using the presidents budget path and that is the white houses own numbers and using extra trillion in debt in each of the next four years in a second obama term. >> gretchen: when the president took office and do a comparison. in 2009 it was 10.6 trillion and now cane.1. >> no. it is 16.225 trillion. >> gretchen: it is going so fast. ip want to make a point that the presidents own projection is 20 trillion...

But she recognizes, as i mentioned, others are beginning to do that we cant achieve a sustainable budget path without new revenues. and grover norquist has very successfully blocked that blatant reality for a very long time. if he can be broken on this and it takes going over the cliff or starting down a slope that we can reverse and come back up quickly, that would be a quite positive thing for the economy and for fiscal policy. >> the truth of january 1 in the first weeks and first month even ...