boehner agrees with the president the states may need help to keep from laying off teachers, firemen and policemen but argues spending should be cut elsewhere to free up the $50 billion. majority leadersy tosy tosy to agree steny hoyer agrees and says take it from unspent debt. it s accurate, there is spending fatigue around the country. people are concerned about the debt level and we are as well. reporter: boehner and others have been complaining for days that the leadership in the house has not passed a budget for the first time in more than 35 years. boehner evoked the chairman of the federal reserve who said last week the deficit is unsustainable. chairman bernanke also expressed his concern that congress has no exit strategy in place to get out of this mess. no strategy, no plan and not even a budget. reporter: why haven t democrats been able to pass a budget? some want large deficit spending to help those hurt by the recession.
write off all of those costs, the insurance, the real estate taxes, the repairs, the maintenance, all of that stuff, plus you good eat the deappreciate the cost of the building. so, the government will give you a number and you divide that lifetime of the building and each year you get to take off a percentage of that on your income taxes. my personal feeling is you need to make money for a write-off to count. my favorite reason to own instead is it s a great investment especially for entrepreneurs. this is almost like having a mini business. even more so, if you re say an architect and going to buy an office building. you can have other tenants subsidizing your rent. someone said to me once, though, is then let s say you run an internet company. then you re also in the real estate business. do you want to be in the real estate business? that s one of the cons. but for a lot of entrepreneurs, especially if you re in a service type business we hope that one day we ll be able to sell
happening right now. that s what we are going to focus on tonight. three stories to talk to you about but they re all in the news. something is wrong. when you hear these stories i want you to ask yourself how is this making america into a stronger nation? what is our exit strategy? what does it look like at the end. story number one, about a 76-year-old law that unions have been ruling their elections for a long time. it s just been changed now, by the obama administration. first change, 76 years. the national labor relations board made it easier for the airline and railroad workers to organize. airlines are always going out of business and the trains are subsidized. how is the union going to help here? new rule would allow the union to be recognized with a simple majority of workers who cast ballots. okay? the previous rule required an okay from the majority of the entire workforce. but if they hold an election,
happening right now. that s what we are going to focus on tonight. three stories to talk to you about but they re all in the news. something is wrong. when you hear these stories i want you to ask yourself how is this making america into a stronger nation? what is our exit strategy? what does it look like at the end. story number one, about a 76-year-old law that unions have been ruling their elections for a long time. it s just been changed now, by the obama administration. first change, 76 years. the national labor relations board made it easier for the airline and railroad workers to organize. airlines are always going out of business and the trains are subsidized. how is the union going to help here? new rule would allow the union to be recognized with a simple majority of workers who cast ballots. okay? the previous rule required an okay from the majority of the entire workforce. but if they hold an election,
it seems as though he s making those noises, looking to leave, and of course we saw something interesting at the white house a couple weeks ago, saw peter orszag with a well-known television agent on the white house grounds. who knows what that was all about. clearly the exit strategy is being employed by peter orszag. and again, the next round of budgets will be all about the deficit. look how hard it was to just trim a little bit from nasa and what kind of political fight that brewed. it s going to be tough to replace orszag simply because it s a thankless job. the job wears folks out. back to wall street, aides have set president obama won t be using his trip to lower manhattan today to rip on wall street, but the people who work in the financial district wonder what reform will mean for their businesses in the long term. nbc s ron allen is on the floor of the new york stock exchange for us with that side of the story. ron, good morning. reporter: good morning, savannah. i