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Honoring and Upholding Bebe Moore Campbell s Legacy | NAMI: National Alliance on Mental Illness

Honoring and Upholding Bebe Moore Campbell s Legacy | NAMI: National Alliance on Mental Illness
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Transcripts For WTTG Fox 5 News At Ten 20111122

sure to hit your wallet. fox 5 s laura evans starts us off from the newsroom. 12 members of the bipartisan committee admit they were not able to come to an agreement. i literally a lot of talk and no action it s literally a lot of talk and no action and the finger pointing that started months ago continues. reporter: after two months of closed door negotiations the six republicans and democrats on the super committee have given up. president obama is reissuing the call for compromise to lawmakers on both sides of the aisle. there will nobody easy off ramps on this one. we need to keep the pressure up to compromise, not turn off the pressure. reporter: the members of the bipartisan super committee had to finish a deal monday in orbed to meet a wednesday deadline to find in order to meet a wednesday deadline to find $1.2 trillion in deficit reduction. this is time not to be democrat or republican but be an american and step forward of? reporter: but the two side

Transcripts For WTTG Fox 5 News At 5 20111121

with the automatic cuts, federal spending will continue to rise. instead of spending increasing by $2.1 trillion over the next 10 years, it s going to increase by $2 trillion over the next 10 years. still a lot of additional spending. reporter: but the deadline and its consequences may not be set in stone yet. already, some lawmakers are writing legislation to avoid some of the automatic cuts. and at this point, wall street didn t like what it saw out of washington. all of this uncertaintiy that had is creating. last summer, you remember, one investment house reducing the aaa bond rating following the debt ceiling crisis and there are fresh concerns that the u.s. can face additional downgrades following this failure today, shawn. what is next? what happens now? congress doesn t like to deal with deadlines and they adept at moving and we re hearing more that already, there are pieces of legislation tonight being drafted up to push off some of the defense cuts. it s goi

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