Page 30 - Debt Clock News Today

Would kick into effect should no deal be reached. how do you feel about that? >> well, ill tell you one of the reasons i voted against the debt ceiling agreement i saw how meaningless really it was going to be because the sequestration, the cuts werent even going to occur until january 2013. the one congress cant bind hands of future congress. i didnt see it as serious attempt. i backed cut, cap balance. heather, in the end if we are going to get our fiscal house in order, we need a constitution...

Republican party to convince people that the republican party isnt just a party of the rich. >> greta, listen, we could -- you could confiscate every single dollar in this country of every person that makes over $100,000. you can actually take every penny from every person that makes over $100,000, and guess what? if you did that and you took it all, you would run the government for less than 60 days in this country. the problem is not that the government takes too little. the problem is that ou...

you may not be surprised to hear whos behind it, peta, people for the ethical treatment of animals. it blows the whistle on unethical treatment of animals anytime it can. they are denied freedom, peta, claims and everything else that is natural and important to them while kept in small, concrete tanks and reduced to performing stupid tricks. the 13th amendment prohibits slavery and these orcas are, by definition, slaves. seaworld, of course, couldnt disagree more. i want to reed you it...

ten minutes until the top of the hour. tributes pouring in for steve jobs faster than twitker handle this morning. the company announced his death after a long battle with cancer. microsoft chairman bill gates says the impact of jobs work will be felt for many generations to come. steve jobs was just 56 years old. u.s. stock futures trading higher this morning. markets overseas also up as investors grow more confident that european leaders are working to strengthen their banks. of c...

well be live when it hams. yesterday speaker boehner told the troops to "get their asses in line". apparently not enough republicans have, and now his credibility is on the line. most of the opposition coming from tea party supporters, raw, open, direct rebellion. >> we want to make sure we never get here again. i want to support something that makes sure we never get here again. >> the deal that is on the table makes the hole deeper. and so dont -- you shouldnt expect people who belie...

to send it to the senate where it can receive action. >> well, the vote was scheduled for yesterday, rescheduled for early this evening and then put on hold again so the leadership could wrangle votes. theyre going that literally as we speak. still promising a vote sometime tonight. well be live when it hams. yesterday speaker boehner told the troops to "get their asses in line". apparently not enough republicans have, and now his credibility is on the line. most of the opposition comi...

weekend. markets around the world are falling. this will have a direct effect on your 401(k). >> im ali velshi. the norway terror suspect who admits killing 93 on friday is expected to appear in court in the next hour. his lawyers says hell explain himself. little comfort to a grieving nation trying to make sense of a massacre, on this "american morning." good morning. it is monday, july 25th. this is "american morning." a lot going on. lets get you right to it. >> glad youre back. i...

ive never taken my last offer off the table. and theyve never agreed to my last offer. >> boehner says house legislation needs to be posted on-line today and voted on on wednesday if they want to raise the debt ceiling by the august 22nd deadline. timothy geithner is the guy who might not have the money to pay the countrys bills on time. heres what he told cnns candy crowley on "state of the union." >> what we cannot do, this is very important, it would be irresponsible, is to leave th...

hollywood. and movement in just the last hour on efforts to end the debt crisis. youve heard that phrase a lot in the last few weeks. but what does it mean to you and your personal finances? the answers for you this hour in the cnn newsroom. i ran around for five minutes, then i started swimming. >> reporter: was he shooting at you in the ocean? >> yes, and in it. >> reporter: were people around you hit? >> yes. >> final moments spent in unimaginable fear. two attacks in norway. at...

>> now, the plan does not address the debt ceiling. you see the debt clock there. it ticks down to august 2nd. thats when the u.s. could start defaulting on some of its bills. it could be a jumping-off point for a bigger deal. here are some of the highlights of the plan according to cnn senate forces, it shaves about $4 trillion off the debt load. rejiggers the tax load, cuts short-term spending by about $500 billion. it changes the entire budgeting process and it reforms social securi...