Logjam Break News Today

Her 13th birthday. jenna. jenna: horrible story, steve, thank you. jon: it was a deadly crash at sea. a cargo ship that sinks after slamming into a seawall. details of the rescue efforts that were not entirely successful straight ahead. plus a look at the markets as we wait for a big announcement from capitol hill, up 194 points right now on word that there may be a logjam break in washington but it was way down yesterday when a house plan fell apart. next well talk about where you should put ...

opportunity to do something big. we have a chance to stabilize americas finances for a decade, for 15 years or 20 years. if were willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says were going to make significant cuts in domestic spending. and i have already said im willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and...

If they show me a serious plan, im ready to move. even if it requires some tough decisions on my part. and im hopeful that over the next couple of days well see this logjam break, this logjam broken, because the american people, i think, understandably want to see washington do its job. all right? so with that, let me see whos on the list. were going to start with jake. >> thank you, mr. president. youve said that reducing the deficit will require shared sacrifice. we know -- we have an idea of ...