Deficit Balloons News Today

Day the fed makes a long awaited move, slashing Interest Rates for the first time since 2020. Plus, the woman who may be the democrats best weapon in the fight for abortion rights. As the 11th Hour gets underway on this wednesday night. Good evening once again. I am Stephanie Ruhle and we are now just 48 days away from election day. Are you ready for this . That is less than seven weeks. You might have a Doctors Appointment scheduled after the election at this Point And Today americans got reall...

And, protect our dreamers and understand, we can do both, create Unearned Pathway to citizenship, and ensure our border is secure. We can do both and we must do both. Donald trump and his extremist allies will keep trying to pull us backward. We all remember what they did to tear families apart, and now they have pledged to carry out the largest deportation, a mass deportation, in american history. Imagine what that would look like and what that would be. New polls out today so that the race is ...

Its due. he was helping in this process. lets talk about the deficit trigger. this is something that is getting a lot of attention as well. this idea that you would automatically raise taxes if these really optimistic growth targets arent met and the deficit balloons. that sounds really hard to do. >> yeah, and it makes me think of things theyve done in the past that have sort of taken on lives of their own. things like the doc fix without getting into the details of that and the amt patch, they...

Time now to take a look at the morning papers at 24 past the hour. all right. "the new york times" -- >> gold cuff links or something? the obama administration is taking new steps to shore up ties with yemens government in the fight against al qaeda. the presidents counterterrorism adviser john brennan met with yemens president yesterday in that countrys capital. it came just a day after an american air strike reportedly killed 11 militants there. >> boy, you read that stuff in "the times" yes...

One of the things that the number of undecided congressmen have been waiting for is a price tag on the final health care reform package. that came down today from the congressional budget office, the nonpa n nonpartisan office that puts price tag on bill . this is a complicated process. lets take a look at what they came out with. they said the price tag of this bill over ten years, remember, a bill goes for longer than ten years. but the price tag over ten years will be about $940 billion. that...

And recently wrote an op-ed in "usa today" where you express concern about the tax bills that dont get the deficit under control. "the budget office is badly broken and theres no longer any pretense of trying to get deficits and debt under control." so the holdup right now appears to be these triggers that would raise questions, once again, if the deficit balloons. whats your reaction to what is happening on the senate floor right now? >> well, ive been there, wolf, and ive been on the floor at ...

It in the trash can and it to the incineratorincinerators, i thrilled. >> meanwhile, senator johnson says businesses arent getting enough of a break on their taxes. so lets take a look at how the tax plans shake out. specifically for the middle class, the wealthy, and corporations. >> yeah. that was an interesting point that corker made. if this isnt going to magically grow the economy the way everybody wants, well just end up with more deficit. >> can i say one other thing? it was june when ste...