Page 8 - Budget Stuff News Today

Jack cafferty is thinking about the possible government shutdown. he is here with the cafferty file. >> i dont guess this is breaking news. but our government is broken. the democratic congress under the leadership of nancy pelosi and harry reid chose not to pore passing a budget last september. when it was due. thats part of their job. and now because of disagreement over a few billion in spending cuts, running annual trillion dollar plus deficits, the federal government set to shut down tomorr...

He believes he can get that. >> do you know when the deadline for all the budget stuff is. >> well, we got -- well, there is a peculiar later we are in this year 2011 is only halfway through and republicans say there is -- believe there is still time to cut a lot of money this year and keep the deficit below the 1.6 trillion plus that the president says well incur this year 2011 alone. thats the first piece of business. that will occur on or about march the 4th, when there is a fight over that t...

For all the budget stuff is. >> well, we got -- well, there is a peculiar later we are in this year 2011 is only halfway through and republicans say there is -- believe there is still time to cut a lot of money this year and keep the deficit below the 1.6 trillion plus that the president says well incur this year 2011 alone. thats the first piece of business. that will occur on or about march the 4th, when there is a fight over that then, later, you know, sometime in march he will be -- a budget...

[ male announcer ] from jet engines that have fewer emissions, to new ways to charge electric cars, to renewable sources of ean energy, ecomagination from ge is advantechnology thats good for both the economy and the environment. ♪ its tecology that makes the world work. [ squawking ] ♪ >> bill: continuing with story cutting budget going from 1.6 trillion to 1, 1. most of the deficit generated by revenue increases. joining us from abc news studios in new york george stephanopoulos. had you t...

>> do you know when the deadline for all the budget stuff is. >> well, we got -- well, there is a peculiar later we are in this year 2011 is only halfway through and republicans say there is -- believe there is still time to cut a lot of money this year and keep the deficit below the 1.6 trillion plus that the president says well incur this year 2011 alone. thats the first piece of business. that will occur on or about march the 4th, when there is a fight over that then, later, you know, sometim...

Conservatives are pushing for boehner and his team to defund planned parent hood after those videos this summer. they say there are constituents and will be watching to see how boehner handles that issue. >> not dealing at all with planned parent hood which is causing a national stir. put the budget stuff together with that and our leadership doesnt move on it the rest of the country is going to say were fed up, its tsunami time, throw everybody out. >> saying hes in a tough spot wedged between ...

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Guns, immigration a lot. theyve moved along on some of the budget stuff. but now hes got to perform. and i think republicans have a choice. will they give the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think theyve got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals...