Page 21 - Debt Issue News Today

opportunity in the middle east. this hour, his vision for the region and the controversial way hes pushing the israelis and the palestinians to make peace. we want to welcome viewers in the united states and around the world. im wolf blitzer. youre in "the situation room." the financial power broker who bailed out countries is being baled out himself as he awaits trial on charges he sexually assaulted a hotel maid. dominique strauss-kahn denies the allegations that many people find sho...

Assets to support their consumption like the ongoing budget deficit that we have, then i think its a terrible idea. the notion that you can sell off the family jewels to continue to spend the way you are for a while longer. >> reporter: wolf, the treasury department says if the u.s. wanted to sell its gold there would need to be public input and oversight and wouldnt be tied to the debt issue. here is a question. who was coming and going from bin ladens compound in the months and years before ...

and president obama makes some high school students cry. this hour, the inspiring against the odds story that brought the commander in chief to their school. im wolf blitzer, youre in "the situation room." first this hour, the shrimping republican presidential field. weve seen prominent contenders opt out of the 2012 race in recent weeks, including former arkansas governor mike huckabee. say so long to the prospect with the biggest name, deepest pockets, and most outrageous remarks. ...

Ceiling must be accompanied by huge deductions in outlays. lawmakers cast doubt on the progress made last night that was offered by vice president biden. >> the only way to ration until lee do this after all the negotiations ive been in is take one piece at a time. but nothing is agreed to until everything is agreed to. so i know it from us traits you when we come out here and we tell you what we will agree to. what we agreed to is tentative. its a little bit like saying, look ill agree you to d...

Beginning of august? >> there certainly will be a lot of posturing. really what were expecting to hear is where democrats stand in terms of this issue. they are going to be willing to make cuts but more likely in the billions, not the trillions that republicans would like. yesterday when president obama met with democrats, he reiterated and said, do not draw a line in the sand for our position. hold your ground. lets see what we can do right off the bat. what does he mean by that? theres a fisca...

This year. forget the trillion dollar divide. how would you help republicans and democrats. >> we have a $1.65 trillion deficit this year. the president was screaming cutting $38 billion is going hurt the million people. thats if you owed somebody $100 and you gave them $2. and said it was painful to give $2. they would laugh you out of the house. we have to rice up imens this president and say you are leading us into catastrophy with this debt issue. stand, be accountable and embrace the trilli...

Going to hit us soon. when it does, its going to hurt him even more. inflation is on the rise as reflected in the "washington post" poll. >> jobs? >> i think you have to address the debt issue, however the jobs issue -- i tell you this. talk to me a month out from the next election and which party or which candidate they think is going to do the better job on the economy and ill tell you which candidate is going to win the race. >> thank you both so much. ahead, just as the midwest digs out fr...

Alisyn has more. alisyn: you saw, the split screen and, we are awaiting the president, and, mike emanuel is there, and, the treasury secretary earlier today, weighed in on the debt issue. >> reporter: it was fascinating talking to peter barnes from fox business and the treasury secretary said washington will get it done when it comes to elevating the debt ceiling, something that has made the business community somewhat anxious, standard & poors, showing a lack of confidence in washington, and, t...

We appreciate it you may remember that president obama said last week that the lead role on debt reduction in his administration that was going to be spearheaded by vice president joe biden. he took criticism as you may remember for this moment that he probably rather not happen at all while the president was talking about debt reduction. now we are learning that he has scheduled the first meeting for all of this. hes going to address this problem, when? may the 5th, ten days before the governme...

To say about it. he called me become a half hour later and said well mr. trump appreciates your advice and thats exactly what hes going to do. then he goes out yesterday and says, this birth issue -- birther issue, the birth certificate issue is a real big issue. fine, go ahead and do that. i think it marriage in it margy who has potential to contribute. jenna: millions more jobs heading overseas as major u.s. firms shift their hiring a broad while cutting back here. a sharp debate over globaliz...