Page 2 - Deficit Issues News Today

by our election team and around the country and the world. stand by to learn more about edith and carolyn, who solved the case of the missing votes. im wolf blitzer. youre in "the situation room." so long, iowa, hello, new hampshire. the republican presidential candidates are zeroing in on the next battlefield and a big primary coming up on tuesday. the front-runner, mitt romney, is following up his squeaker win in iowa with a new endorsement from senator john mccain who beat him in ...

Committee is supposed to have solutions to our deficit issues. you had key members today. >> we did, rep pat toomey, democrat jim clyburn. they have ten days to settle this and i cant say signs were positive. republicans have agreed to $250 billion in revenue but also some dramatic tax rate cuts. and the democrats say thats a nonstarter. the democrats are doing things like calling for i think 800 or $900 billion savings by not spending on the wars in iraq and afghanistan. i have to say, maybe th...

Now he says five years. sounds great considering our deficit issues. problem is its not going to affect as much. its going to impact less than 15% of the overall federal budget. some of the things are excluded. defense is excluded. theyre also saying spending on homeland security and veterans are being excluded as well. it also excludes the mandatory spending you would finds in, say, for medicare, medicaid and also social security. so if you factor that in, the white house says the phrase will s...

Represent where other senators are, too, that are still on the fence. for ron johnson about pass through income, business entities that pass through their income and taxed at individual rates. ron johnson wants the cut in the senate bill, kind of through a credit, to go deeper and to be expanded. he wants it to be more parody wise when it comes to the corporate side of things. heres the rub on that, that costs money, like a lot of money, more than $100 billion. thats $100 billion not only do rep...

Completed. before one even went through committee, let alone a house floor. this is a major achievement. talk about the senate and thats where all eyes are turning. not to give short shift to the house or president actually coming over and rallying the troops here, but its the senate where things are already growing more complicated and thats not exactly a new thing. we saw that in health care, very almost visserly on some level, but if you look at whats going on here beyond ron johnson who came...