Page 12 - Budget Problem News Today

Postoffice, theyll sell the books. great idea. the other is theres an 840-acre piece of land on new yorks long island thats called plumb island, new york. the way they describe t. sandy shoreline. theres one little catch. it used to be an animal disease control center! bill: i think it still is. >> it might need biohazard remediation. bill: in the real estate world, thats not the best option! >> i have a better idea. sell the white house! why dont we sell the capitol? look, heres the bottom line...

>> im christine romans. house speaker john boehner says no way to the presidents plan. he has another solution and its simply says, spend less. >> im ali velshi. congressional websites crash. what president obama said that had a number of websites going off-line. details coming up on this "american morning." thanks for being with us. tuesday, july 26th. welcome to "american morning." we all stayed up later than usual last night to get a chance to hear from the president about this de...

put forward by a bipartisan senate group named the gang of six. most liberals dont like the gang of six approach because it would make cuts to social security and medicare. >> we are an anti-gang group. we are -- were trying to suppress the growth of gangs. we think that it is not healthy for washington. most conservatives complain it doesnt cut spending enough and raises taxes too much. >> the gang of six is a five pages of sort of talking points. its not an actual plan. >> but the ...

wont support deep cuts without increases in taxes. >> if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. >> david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change americas unsustainable economic path. what do you think? do that you think that oppor...

to be severe. welcome to "your money." im ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nations bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he wont support deep cuts without increases in taxes. >> if youre trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch ...

opportunity to do something big. we have a chance to stabilize americas finances for a decade, for 15 years or 20 years. if were willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says were going to make significant cuts in domestic spending. and i have already said im willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and...

Get right back to jack for the cafferty file. jack. >> the question this hour, what does it mean -- this is a stunning statistic. 25% of retirees in the united states say their savings are gone. joe writes, it means the economys in deep trouble and that really large budget cuts could cause a depression. social security more necessary now than ever before. and it ought to be assured by eliminating the cap but keeping the maximum benefit at the present level. this would eliminate 30% of the budget...

Look into that privately, not publicly with an ally. pakistan doesnt feel too much love from the u.s. so we have lost another ally or we are in the midst of losing it. theyre seeking the friendship elsewhere. seeking it from china, the new super power in the world. china says the international community including the united states must respect pakistans sovereignty. this is all about the nukes, gang. that is what its about. reassuring the globe that pakistan made contribution to fight terrorism....

know for who knows when. >> reporter: she says her father, james williamson, had pa past addiction battles and moved to joplin to start fresh. the only information she has is he was working in a mcdonalds that got destroyed. perez is one of thousands in the joplin area searching for missing loved ones after the tornado. local and state officials are scrambling to organize the effort to find them. >> when you have folks th...

Look into that privately, not publicly with an ally. pakistan doesnt feel too much love from the u.s. so we have lost another ally or we are in the midst of losing it. theyre seeking the friendship elsewhere. seeking it from china, the new super power in the world. china says the international community including the united states must respect pakistans sovereignty. this is all about the nukes, gang. that is what its about. reassuring the globe that pakistan made contribution to fight terrorism....