Page 5 - Dollar Increase News Today

impact nationwide on an all fragile recovery. >> a default and the ripple effect i think would be impactful and representing our consumers, we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. >> thats here at home. then there are global worries. concerns that a default or even a close call here could rattle international markets and international economies like that domino effect back after the big wall street m...

But with gas prices there above the national average, rising energy costs were front and center. >> it hurts. >> reporter: as oil prices continue to climb, so do gas prices. in some parts of the country drivers are paying $5 per gallon. >> 50-mile-plus round trip, so were over $110 a week. >> reporter: its not just drivers who are feeling the pinch. the worlds largest airline, united/continental, said it lost $213 million in the first three months of this year. all because its fuel bill spiked n...

Able to spend during the recession, who had a job, that didnt necessarily have to budget that much, theyre not going to be that affected by a dollar increase in the price of milk. but that consumer that still may be unemployed, i mean, yes, unemployment numbers came down, but that consumer that is still employed, that is still having to budget, theyre going to be affected. and they represent a huge portion of that consumer thats out there spending. so, i think that consumer, you know, i dont wan...

This bill exactly for the point that you laid out, half a trillion dollar cut in medicare and by the way, theres a half a trillion dollar increase in taxes much the problem with this package is theres so many elements people dont want. thats why the democrats are being forced to do this bizarre sort of procedure because they dont have the support for it. >> you have to feel for alicia. shes trying -- her side wants to get this through. >> its early in the morning, i agree. >> but americans like ...

An unexpected illness, they dont have insurance and we are all paying for it. >> lets reality check. the claim by congressman cantor, were not lowering costs. is that accurate? >> there are two ways to look at this. the cbo says the drake plan would reduce the deficit. the republicans believe many of the changes in medicare would not be implemented. the broader question of what it means to overall health care spending has been analyzed by an independent physician. what they concluded was between...

We could be on the verge of a big spending deal inside the senate. your colleague from the house freedom caucus, jim jordan, he doesnt like it. he doesnt like it a lot. let me read you what he says about this. he told the "washington post," this is a bad, bad, bad -- you could say bad 100 times deal when you put it all together, a quarter of a trillion dollar increase in the discretionary spending, not what were supposed to be doing. bad 100 times deal he says. is that what you think? >> on ster...

For in terms of gun control. it is important to understand this is the first hearing. mark kelly whos the husband of a victim of gun violence, hes going to be there. hes obviously been somebody whos been outspoken in terms of what they would like to do in terms of future things. the other thing, republicans were able to put two of the panelists on there. its the first conversation that will spark many other hearing at the judiciary committee. >> i want to close by talking about two articles from...

Was the house. you heard them use the word over and over. theyre isolated. theyre isolated. the tea party people. including coburn. i think that the pressure is starting. if it happens, im going to give credit to the chamber of commerce. the business community is putting pressure on them. $3.9 trillion deal. it will have to be written in a way the things you dont get the legislation until a certain date but it is mandated. it will be a tough piece of legislation. i tell you, for the first time, ...

Putting pressure on them. $3.9 trillion deal. it will have to be written in a way the things you dont get the legislation until a certain date but it is mandated. it will be a tough piece of legislation. i tell you, for the first time, greg, you can be happy. we are finally going to get it off the table. >> greg: this reminds me of watching a kids soccer game. you are there and the only people enjoying result the kids and it goes on forever. at the end, there is still no score. this thing has to...

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