Page 28 - Deficit Problem News Today

Literally what has changed? nothing. if the super committee cant come to a consensus, automatic spending cuts will kick in, $1.2 trillion over ten years to military and domestic programs. defense secretary leon panetta warns the cuts slated to start in 2013 could cripple the military. committee members dont expect a breakthrough, but the obama administration is still urging them to accomplish what they set out to do. in a statement, the white house said in part this, avoiding accountability and ...

in libya. the national criminal court wants him on charges of humanity. police arrested him on sunday while he was allegedly making a pipe bomb. authorities say he got bomb-making instructions from a website linked to al qaeda. those are the top stories. "world business today" starts right now. good morning from cnn london. >> and good afternoon from cnn hong kong. im andrew stevens. the top stories this monday, november 21st. >> its a landslide victory for their political party. >...

this pros he united in our belief the nations fiscal crisis must be addressed and that we cannot leave it for the next generation to solve. that statement, issued in congress. the super committee must not end. the president said if congress tries to get around the automatic cuts, called for in the law that created the super committee, he will veto it. >> my message to them is simple. no. i will veto any effort to get rid of those automatic spending cuts to domestic and defense spending...

A senator, you were a governor. before that the president of the bank of north dakota. youre used to executive positions. how frustrating is it to be on the outside looking in at the super committee process? >> its challenging. he again thats what im saying. we need to get everybody involved. we need to do it on a bipartisan basis. we have a responsibility to the american people to start reducing the deficit and the debt. but remember, a big, big part of that is fostering economic growth and get...

im erin burnett "outfront" tonight. markets plunged today. 297 points for the dow. the two-day drop, as i indicated, is close to 600. 573 points. its a big story and we are covering it tonight. but first, were starting with some breaking developments regarding herman cain. tonight, a report that one of the women who accused herman cain of sexual harassment wants to speak out. "the washington post" getting everyones attention after posting a quote from the womans attorney who told the...

im erin burnett "outfront" tonight. markets plunged today. 297 points for the dow. the two-day drop, as i indicated, is close to 600. 573 points. its a big story and we are covering it tonight. but first, were starting with some breaking developments regarding herman cain. tonight, a report that one of the women who accused herman cain of sexual harassment wants to speak out. "the washington post" getting everyones attention after posting a quote from the womans attorney who told the...

and tonight, some camel horn. lets go "outfront." im erin burnett "outfront" tonight. markets plunged today. 297 points for the dow. the two-day drop, as i indicated is close to 600. 573 points. its a big story and we are covering it tonight. but first, were starting with some breaking developments regarding herman cain. tonight, a report that one of the women who accused herman cain of sexual harassment wants to speak out. "the washington post" getting everyones attention after post...

But you still end up with lower revenue. >> theres nothing wrong with lower revenue. i think americans are ready for washington, d.c. to quit spending money. >> but we have a deficit problem. >> we will payoff our deficit. our plan balances its budget in 2020 and we will payoff that debt. >> no one else on that stage is laying on a plan. mitt romney nibbles around the edges. he leaves the rates where they are. mr. canes plan creates two new sources of revenue. i dont want more revenue in washing...

If we can get the economy moving, if we can focus on putting people back to work and stimulating the economy, then were going to -- were going to grow our way out of this deficit problem. and i have to tell you that any deal that cuts medicare and social security benefits, not cuts the programs or makes them more efficient but cuts those benefits should be, to most -- and is to most americans completely unacceptable. we dont need to do that. >> let me just quickly show a graph that compares the ...

>> what happens to our deficits? they go down, they go up. there must be a plan for growth and jobs for the world and everybodys got to play their part in that. >> how is david camerons austerity plan working? >> we discussed this when you were over for the royal wedding. >> and it was growing at the time at .5%, maybe 1%. in fact, when we were there, we saw that it was starting to grow just a tad, but its slowed down again. >> we have unemployment in our country rising, in a debate now whether ...