Page 2 - Exploding Debt News Today

>> president obama was holding a fund-raiser at tyler perry the hollywood director and it shut down a lot of atlanta. >> greta: you live here in washington you get it on both ends. now to the story about the exploding debt. this is a fiscal crisis after the election, is that what they are saying? >> there are a lot of decisions that have to be made this year. there are automatic spending cuts that may or may not take place in january. what about the bush tax cuts? those are set to expire at the ...

Supplemental. one member doesnt support the war because he doesnt think it has been explained a cat withly. >> i think we need a new debate on the course of this war with and i felt that for a long time, not connected to this new wikileaks feeding frenzy. i feel that because the surge in troops, at least in my view, i dont believe will -- the expansion of our military footprint will make us safer there and i also believe that in an era of constrained resources, obviously, no one is missing joble...

Make sure we can show the world that were willing as a country to start to make progress bringing down our long-term deficits. >> raising taxes to pay down the deficit or cut the deficit and begin to rein in the exploding debt is an idea thats gaining traction. alan greenspan says, dont just raise taxes on wealthy americans, raise taxes on everybody. but what about cutting spending? >> experts say you have to do both. the head of the presidents fiscal commission says he finds it interesting how ...

Most everyone including his fellow democrats by surprise senator evan bayh announced he would not seek re-election. creating the next surprise even in a tough year for the majority party retirements are still greater among republicans. the third surprise bayhs timing might actually limit the choices for the gop in that race. the indiana senator today saying he will not seek a third term. former two-term governor cited his disillusionment with congress. >> for some time ive had a growing convicti...

Authorities are fearing this years celebration might be disrupted by new anti-government protest. last june demonstrators took to the streets to denounce the presidential elect. security is very tight in the capital. there are reports that internet and text messaging services are being disrupted. developing story out of haiti judges decision expected tomorrow on the possible release of those 10 jailed u.s. missionaries. the member of the idaho baptist group were arrested and charged with child k...

Mortgage-strapped homeowner, tracked by realty track dot-com, with houses facing foreclose nur january was up 15% from a year ago, the 11th straight month more than 800,000 properties faced mortgage foreclosure. and nasa saying that it has to be very vigilant and take a closer look at problems with the space shuttle endeavour. it is docked at the international space station. a ceramic spacer near a cockpit window is sticking out and a thermal tile that was repaired before liftoff has failed over...

Away at the problem. the problem with that strategy as you know is the explosive growth of the entitlements like medicare is so severe that if you chip away in little bits you may never really turn the problem around. again, the white house accuses speaker boehner are walking away from the table. the president was willing to reform the entitlements in recent months. the republicans believe he wasnt serious about cutting entitlements but the white house basically says they should have called the ...

Reserve to act. the fed open market committee meets tomorrow. the dow jones/industrials average shed 1200 point since then. >> bret: many investors fleeing the stock market went to gold. price of gold eclipsed $1700 an ounce. gold was up $66 to settle at $1718 an ounce. the gold price doubled since the start of 2009. president obama today tried to walk the nervous investors from the brink with an early afternoon pep talk. it did not work. >> three days after being informed of a downgrade, the pr...

Latest updates on this topic.

>> do you worry at all that the message to the american people is you are blaming these things around world and not taking responsibility for the jobs crisis? >> no, i dont worry about that. were not blaming anything. were simply pointing out that there have been factors that have affected growth globally. and affected job creation at home. >> reporter: on top of that, the latest increase to the debt, when you include social security and all federal programs reached 100% of americas gross domest...