Page 62 - Debt Problem News Today

out a plan palatable to both sides, and theres a separate push for the balanced budget amendment. the president suggested this morning that the u.s. doesnt have time have for any proposals. >> we dont need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs and to make sure that the government is living within its means and making responsible choices. so it this notion that were going to go through a multi-year process instead of seizing the mome...

good morning. it is thursday, july 14th. this is your a.m. wakeup call. heres break is news. we just learned that british police have made an arrest in that scandalous phone hacking case that brought down -- that is bringing down parts of rupert murdochs news empire. ill get you more on that in just a moment. i wish i could say theres big news about the debt ceiling talks. i cant tell you that. theres more drama than dealing going on in d.c. right now. a fifth round of talks is set f...

senate. but what would happen if the government defaulted on its loans? would it impact you? >> interest rates will rise. well be back in recession. of course, we already have a 9% plus unemployment rate. were starting from a weak position. unemployment will rise to the double digits. well all pay a very significant price. first the british tabloid hacking scandal catches the attention of law enforcement here in the united states. a source tells cnn the fbi is investigating whether o...

bridge collapses. sending a tourist bus plunging into the forest below and the death toll could get higher. clock is ticking and tensions are soaring and if you want an idea how things heat are over the debt crisis, listen to this. president obama storms out of yesterdays meeting vowing he will veto any extension of the debt ceiling that is only short term. reports say he said to aeric cantor, quote, many could bring down my presidency. the august 2nd deadline is looming and pessim...

combination of prayer and willpower. nearly all mainstream medical and psychological associations say theres no evidence that works. and theres plenty of evidence, in fact, that it can be hurtful and harmful. this might not even be a story except mr. bachmann has denied the clinic he and his wife own practice reparative therapy. now congresswoman bachmann is refusing to answer questions about it. whats surprising about that is for years congresswoman bachmann and her husband have spoke...

Weve got another clue here and its a good one. its vice president joe biden. he is saying all the right things about phasing -- he is phrasing it as a moral issue. lets check it out. >> we will never solve our debt problem if we ask only those who are struggling in this economy to bear the burden at let the most fortunate amoth us off the hook. not because we want to douse this. this is. poplism, this is just fairness. not only does is it unfair bb but i think it borders on being immoral. >> to ...

Have fallen apart. theyve kicked it upstairs. president obama will meet with harry leigh and mitch mcconnell tomorrow. no meetings are set with speaker boehner. vice president biden echoed something -- we cant cut or way to prosperity. heres what he had to say along those lines. >> were never going to solve or debt problem if we ask only those who are struggling in this economy to bear the burden. this is not pop ulitch. this is just fairness. not only is it unfair to do what theyre calling, but...

Democrats emerge to demand the debt talk include additional spending. >> we are recommending to the biden deficit commission that they put jobs as part of what theyre doing to help stim late the xy. >> though president obama promised the $800 billion stimulus would create shovel-ready jobs hes acknowledged there is no such thing. senator reid seems to call for them anyway. >> seeking policies for road, dam, water and sewer system. >> bill daley said its hard to get the washington bureaucracy to ...

house. he is inside of the courthouse in winston salem courthouse. and you can see it in the bottom right-hand corner of the screen, but we are expecting john edwards along with the defense attorney to walk in front of a crowd of reporters, and we will bring it to you live as soon as we see it, but i know that my pal, joe johns, has been out there off and on covering the story, and he has literally walked outside of the courtroom. joe, first, talk me through what you have just experien...

>> [inaudible] >> i simply explained what our plan is, how it worked. its been misdescribed by the president and many others, and so we simply described to him precisely what it is weve been proposing so that he hears from us how our proposal works so that in the future he wont mischaracterize it. >> [inaudible] >> he didnt, he didnt mention one way or the other. [laughter] >> mr. cantor -- >> [inaudible] >> what was the point of the meeting today? was it negotiating? was it public relations? >>...