Page 2 - Deficit Debate News Today

foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers dont like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? >> reporter: well, certainly the white house saw her as somebo...

>> this is a big deal. hes done. he didnt have a big chance from the beginning, but now its over. calling him radical and right wing social engineering is deadly. >> that was the influential conservative columnist. seeking to down play the controversy, a spokesman for gingrich yesterday issued this statement. "there is little daylight between ryan and gingrich, but look how it gets reported. newt would fully support ryan if it were not com pulse area. we need to design a better system that peopl...

Extremists on both sides to put in their biggest chips, be it medicare on the left or some types of things in defense or other things on the right. it doesnt look like it would happen that soon. if it does, i think that it would change the political debate because then people trying to run against obama would have to say what their plan is and their strategy is. it will be more hit him on what he hasnt done over the past three years. i think thats another reason it wont come up. >> well see. c...

>> well, there are two things there. first of all, the longer they spend talking debts and deficits they are off topic as republicans are. yes, thats why people are saying you are not dealing with the economy or changing it. you are not talking about things we care about. its not like this is the first they have talked about jobs. people need to talk about jobs as they deal with the deficit. its not republican territory the way its framed up. as long as its about raising taxes on people making $...

Day in the markets. alls well that ends well. dont you love wall street? back to you. >> its a little bit of a roller coaster, but were happy when the roller coaster is up. melissa francis at cnbc world headquarters, thank you. just ahead, move over, gang of six. heres another gang of six. the latest in the deficit debate. plus, fierce wildfires racing across texas. more than a million acres burned so far. and no end in sight. plus, a rebel divide in libya. there are new talks of friction ...

To move their agenda forward. on the tough issues its easy. a far more diverse caucus fill song ofly than republicans do. as these issues come up, a lot of swing voters on the democratic side. few on the republican side. >> teach my 6-year-old, easier to find 13 than 7. its actually hard math. >> thinking about this -- back to the deficit debate for a moment. i want to play for you, tom, something secretary geithner said last night on pbs. >> can it be done without raising taxes? >> oh, no. ther...

Trillion but here is one, when a guy said when you blew a million a day since the birth of christ, you wouldnt be at a trillion yet. >> okay i just got to followup on something, frog in a hailstorm? >> frog in a hailstorm. >> explain this one to. >> blinking like a flog a hailstorm. cantyf you see a frog sitting there. >> no ive never seen a frog out in a hailstorm and ive been now the bad weather. >> they blink you know? and if you are puzzled, stand around. watch the guys on television who lie...

Latest updates on this topic.

Latest updates on this topic.

Here. we can take a listen to what he has to say specifically about what the wealthiest americans have to do. >> we cant just tell the wealthiest among us, you dont have to do a thing. you just sit there and relax, and everybody else, were going to solve this problem, especially when we know the only way to pay for these tax cuts for the wealthiest americans is by asking seniors to pay thousands of dollars more for their health care. >> reporter: thomas, these are the bigger policy decisions the...