Page 6 - Fiscal Problems News Today

>> well, i think it was a good deal. i think its not a solution to our long-term fiscal problems, we need some tax revenue to solve our problems, but its a good step in the right direction. when we started debating this we needed $4 trillion in deficit reduction, $2 trillion would be spending cuts, $1 trillion would be tax revenue and another trillion in lower interest payments on the debt. this deal got us the $2 trillion in spending cuts and interest savings as well, so were part of the way th...

Before his own political future in an effort to solve a crisis republicans basically created. president obama knows the stakes. his treasury secretary tim geithner laid it out today. >> weve looked at all available options. and we have no way to give congress more time to solve this problem and were running out of time. and the eyes of the country are on us and the eyes of the world are us and we need to make sure we send together and send a signal to take the steps necessary to avoid default an...

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President obama knows the stakes. his treasury secretary tim geithner laid it out today. >> weve looked at all available options. and we have no way to give congress more time to solve this problem and were running out of time. and the eyes of the country are on us and the eyes of the world are us and we need to make sure we send together and send a signal to take the steps necessary to avoid default and also take advantage of this opportunity to make some progress in dealing with our long-term ...