Page 37 - Debt Problems News Today

the process, for that, i want you to take a look here. i will not try and walk you through it. its a mess. the bottom line is 917 billion dml spending cuts with a special committee in charge of finding $1.5 trillion cuts by the end of the year, and the debt limit rises by $900 billion now, and $1.5 later. already, there is one potential wrinkle here. the nonpartisan budget congressional office says the plan would cut spending only by 1.5 trillion, not 2.4 trillion. we are following all...

what could be the largest municipal bankruptcy in u.s. history. good morning to you all. thank you for spending part of your weekend with us. im t.j. holmes. we do need to start with a debate that was supposed to be over already. we are less than three days from a possible u.s. default. this clock is still ticking and a deal is not done. we are expecting a lot of action on capitol hill today. both houses in session, but whether theres going to be any real progress, thats anybodys gue...

hands. >> keep in mind, this is not a situation where the two parties are miles apart. were in rough agreement about how much spending can be cut responsibly as a first step towards reducing our deficit. we agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform, and i am willing and ready to have that debate. if we need to put in place an enforcement mechanism to hold us accountable for making the reforms, i will support that too if...

tea party demanding more cuts in federal spending, a cap on future budgets, and a balanced budget amendment. but at a republican caucus meeting speaker of the house john boehner told everyone in his party, and i quote, "get your ass in line." and listen to senator john mccain. >> what is really amazing about this is that some members are believing that we can pass a balanced budget amendment to the constitution in this body with its present reputation, and that is foolish. that is wors...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling americas national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nations debt ceiling. failure to do so could downgrade americas debt rating and could be extremely damaging for global economy purposes. lets get all the angles. weve just learned the president will be addressing the natio...

>> thats the house tonight passing h.r. 2560, better known as cut, cap and balance. now its a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say theyll defeat it. if somehow they fail, president obama says hell veto it. in other words, its d...

reconsiders laying on the table. >> thats the house tonight passing h.r. 2560, better known as cut, cap and balance. now its a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say theyll defeat it. if somehow they fail, president obama says he...

found dead. sean ward said andy coulson hacked into phones. police are not treating the death as suspicious. a u.s. official says a meeting between the u.s. and libya at the weekend was meant to deliver one message, that moammar gadhafi must go. libya called the face-to-face talks in tunisia a first step. the u.s. says the meeting was a one-off event. the womens world cup team soaked up the limelight after bringing japan its first cup title. japans the first asian nation with a wor...

effectively will not affect my ability to serve as commander in chief. >> dr. sanjay gupta will join us for a reality check. but up first, live action in the house of representatives and how it impacts a search for a deal to keep the government from a default most economist say could derail the already fragile recovery. this hour you see right there live debate. the house is expected by the end of this hour to pass the republican majoritys cut, cap and balance plan. it would cut fede...

detectives, as i said, who formed i think the major part of operation motor -- >> i would like to know what you did with him. >> sorry? >> i would like to know what you did with him. >> in the main, my use of private investigators while i was editor of "news of the world" was purely legitimate and in pursuit in the main, as you know, for the addresses and whereabouts of convicted pedophiles, than is my majority use, if not almost exclusively use of private investigators myself. i respe...