Page 26 - Program Cuts News Today

Rice, professor at the university of california, berkeley. professor reich, we know that the fiscal cliff is january 1st. if we went off and stayed off, didnt do any legislative repair to it, where do you think the recession cliff would be? >> lawrence, worst-case scenario, probably by the end of january tacks are clearly going up on the middle class, also major program cuts in discretionary spending are kicking in. theres not too much that the administration can do in terms of front-loading any...

Over in the house as we were saying, jenna, republicans will retain control which means john boehner will keep his job as speaker of the house. hes expected to speak later today on the way forward in gridlocked washington, but he made of saying last night that voters kept the gop in control of the house which suggests to him that they dont want the government to raise their taxes. and as far as the minority leader, it will be up to house democrats to decide if nancy pelosi will keep that job. bu...

On blaming it on bush or unforeseen factors and thats not working and the voters beginning to hold him accountable and a very dangerous place for him to be. its one thing for the economy to be bad and other thing for the voters to say and its your fault. >> and the ownership is now -- >> yes. >> -- pressing to president obama. on the hill, its certainly seems like theres no legislation to affect these jobs numbers, the economy numbers. we have pretty much closed shop. correct? >> thats right. th...

Security the arena to do the data base. >> shannon: florida was the lead in challenging the health care law and it was upheld by the court. something else theyre talking about is the medicaid expansion. i know a number of states are worried about the cost of taking millions of new people on to the rolls under the health care law, chief justice john roberts felt there was coercion or a threat there from the federal government if you didnt take new people, you could lose existing medicaid funds. h...

Office. that tax cut which is going to be paid for out of a surplus. its not like youd have to cut programs for the poor. at least we didnt think so. was 1% of gdp. mitt romneys tax cut adds a bunch more on top, 3.3% of gdp, three times as large. during a time of deficits. youll need to take all that money out of program cuts, mostly for seniors and low-income americans. the regressivety and the size of it compared to what bush was doing is incredibly immense. >> and that he lets tax cuts for lo...

Cut taxes on the top tenth by $1.4 million a year, but it would raise taxes on the average working american by $3,000, on the top 1%, it would cut their taxes by about 238%. this is outrageous, and you know what? theres no doubt why people are occupation everywhere. this is absolutely intolerable, and americans arent going to stand for it. >> jared bernstein, when you look at the ryan plan, lets go off of what the congressman just said. look at the ryan plan. it says that two thirds of the cuts ...

meeting between the president and his top party leaders in congress? >> reporter: as far as we know, the president is meeting right now with senate majority leader harry reid and with leader pelosi from the house, the leader of the minority in the house. and we dont have details on this yet, its a closed press meeting, meaning we didnt even get our pool cameras inside to get a glimpse of this, but we know from a white house official that they are meeting here at the white house and wer...

word. >> the truth is that the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. >> as makeshift memorials spring up across norway, police and the public are searching for answers to fridays deadly attacks. the lawyer and suspect, anders breivik, the lawyer said his client is in insane. the suspects father, who doesnt want to be identified, agrees. >> translator: no, ill never have more contact with him in my darkest momen...

Limit increase including a balanced budget amendment which a lot of people have called for. lets talk about fox news polling. in general 72% of those polls say they favor something along those lines a balanced budget limit. when you talk about how to get through that either through program cuts or tax hikes, those numbers flip. people are a lot less likely to go for it. how do we get to some sort of compromise when they athey like the idea of balancing the buckets. they dont -- the budget. they ...

Poland during world war ii. he has been sentenced to five years in prison but is free pending appeal. and its a royal milestone for queen elizabeth ii, who is now the second longest reigning british monarch in more than 1,000 years. the 85-year-old elizabeth has been on the throne almost six decades, second only to queen victoria. buckingham palace isnt marking the occasion, saying it is just business as usual there. one oklahoma school is marching to the beat of its own drum, literally. des...