Page 83 - Debt Problem News Today

A bill that defense secretary leon panetta says the nation can no longer afford. >> all of this at a time when america faces a serious deficit and debt problem at home. a problem which is, itself, a national security risk squeezing both the defense and domestic budgets. >> reporter: to cut the militarys budget will take a major shift in strategy. u.s. forces will focus on deterring a growing threat from china in the asia pacific region, conduct smaller counter insurgency operations with u.s. spe...

$16.4 trillion. members are expe congressiol correspondent mike emanuel is live on capitol hill. so in the senate what are the republicans trying to do, mike? >> reporter: well, jon, last week the house passed that resolution disapproving of the president, raising the debt ceiling $1.2 trillion. we expect republicans in the senate and moderate democrats to vote to disapprove. hear is the senate republic kahn leader making his case. >> republicans will send simple message to the white house, no m...

Threat of violent extremism which is still there and needs to be dealt with, proliferation of lethal weapons andters, the destabilizing behavior of nations like iran and north korea. the rise of new power across asia. and the dramatic changes that weve seen unfold in the middle east. all of this comes at a time when america confronts a serious decifit and debt problem here at home. a problem which is itself a national security risk that is squeezing both the defense and domestic budgets even as ...

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Dollars to help them is a big deal here both politically and economically but it does nothing to resolve europes underlying debt problem which just rolls on and on and on and still is right at the cliff edge. yeah, i is a big deal here for us because we spend our money. it is not a big deal there because it didnt fix their problem. >> you say the debt situation in europe has not been solved and theyre a long way from doing that? >> yes. bill: what does it say about our own debt situation here at...

We get all up in your business. cnbcs geoff cutmore is live in london. can we keep this thing going? >> the economists are saying this is just a temporary fix. there were concerns about a bank possibly struggling here this eases pressure on the global liquidity crunch. its basically a swap your euros for dollars at a cheaper rate. take some of the pressure off the europeans, but it doesnt cut to the heart of the issue and we still havent really set about addressing europes debt problem. but well...

Will have more than wiped them out in all of that piling debt by late 2012. the impact ahead of turkey day, this date, 2011, the market fallout here, greg in spain on what happens when politicians ignore the warning there. former ubs chairman on if it will kill a chance of recovery here or there. and a sickened home depot co-founder on no wonder business titans the world over are throwing up their hands. we begin, shibani. >> investors dealing with a debt storm on both sides of the atlantic. the...

Latest updates on this topic.

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