Deficit Reduction Debate News Today

Economically. we have a middle class, which is in significant decline, while the wealthiest people are doing phenomenally well. who should pick up the burden for deficit reduction? working people who have seen their wages go down or the top 2% who have done phenomenally well, while their effective tax rate, as mitt romney reminded us by not releasing his tax returns, is extremely low. so to my mind, what this deficit reduction debate is about is asking the wealthiest people, the large corporatio...

a quick handshake, good luck, as you would say, be strong. its a very important night, a consequential night for the country. lets show you that live picture inside the haul. eight republicans for president engaging in this debate. in recent days, a crackling debate about the 2012 presidential campaign. not only, and youll hear it all night long, taking aim at president obama and his agenda, but we have playing out a fierce and an increasingly intense battle for the leadership, the hea...

and in part because of the presidents travels to the midwest and in part because of the new energy that texas governor rick perry is adding to the republican race. wednesday governor perry visited new hampshire, and while its clear hes the flavor of the moment in presidential politics, the more he speaks, the more people, including many republicans, ask this question -- by so aggressively appealing to the republican base, is governor perry undermining his appeal as a general election c...

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...

For us at the white house. and with a good sunday morning to you, athena, i know the last few weeks have been consumed with bin laden news, but this all brings us back to a reminder of the major debt battle ahead. >> reporter: certainly. this is an ongoing debate. and that language we just heard from newt gingrich is not the kind of language the white house really wants to hear. its not surprising to see him wade into this whole debate over the debt ceiling and deficit reduction. but you know, t...

Latest updates on this topic.

Their districts by campaigning for his priorities and saying we want you, the american people, to put pressure on congress. the polls have shown that the president has public opinion on his side on some of the key questions in the deficit reduction debate, but he hasnt been able to translate that into legislative success. he is trying a different tack now. >> and the democrats who head to iowa, david axelrod, debbie wasserman-schultz, the president himself this week. the calculation is what behi...