Page 16 - Rounding Error News Today

On the one hand, this is the single largest year-to-year cut in the federal budget, frankly, in the history of america in absolute terms, probably for that, we all deserve medals. the entire congress. relative to the size of the problems its not even a rounding error. in that case, we probably all deserve to be tarred and feathered. >> the house is set to vote wednesday on this $38 billion budget deal. its not clear how much of the support its going to get. much of the support came from democrat...

Thinks there has to be an increase in revenue going forward. well hear more about that from the president and you heard if you increase tax, you hurt the economic recovery. these are deep divided issues. the president waited for paul ryan to show his cards, waited to get through this crisis last friday. a good time midweek to show us whats on his plate. there will be tons to debate. they didnt actually pass the six month extension. that happened thursday. they just got us through the weekend. lo...

Halfway. >> hes proposing changes this week. welcome back to "morning joe." mike barnicle, charles blow still with us, joining us democratic representative from south carolina and assistant democratic leader congressman, jim clyburn, good to have you on the show this morning. >> thank you for having me. >> it will be the next battle were talking about. the debt ceiling would be one of them. the question is what does either side -- >> the congress and president coming out with his budget this wee...

And whoever emerges victorious will go into those fights with more momentum. that is why this has become, though its a rounding error, significantly important. >> and i want to get to this libya breaking news in a minute, but one final question to you, major. how much do republicans want to get this out of the way in order to clear some space for the big paul ryan budget, the pledge to tackle medicare, medicaid and social security. >> thats one of the reasons that the freshman and the tea party ...

Sides are trying to maximize favorable impressions. until that solidifies, theyll keep fight. to davids point it is in the main a rounding error, but this is the prelude to the full-blown budget battle, the debt ceiling, and whoever emerges victorious will go into those fights with more momentum. though its a rounding error, thats why its being significant. >> and i want to get to this libya breaking news in a minute, but one final question to you, major. how much do republicans wants to get thi...

The logic at face value, the upper bound impacts, its rounding error in gdp growth and the fundamental logic, we need to take off the table the large deficits which will mean higher interest rates so they can spend and do higher investment. they are the only sector that has the financial wherewithal to spend heavily. households are strapped and governments are broke. this is the number one objective. so this is the right thing to do. its tiny in the picture, $15 trillion economy and the notion t...

On 15 trillion. >> $500 million, 14 trillion, that will help. >> its insignificant. >> its a rounding error. >> im in a bad mood this morning. >> were not letting democrats off the hook because nancy pelosi -- >> theyve awful. >> and democrats were reckless when it came to social security and medicare. im saying -- >> theyre trying to rope-a-dope the republicans. >> dont tell me youre going to fix the debt problems, dont go on sunday shows or "morning joe" and saying youre going to fix the probl...

Live from washington. >> liz: did you hear about this? while millions of americans are struggling to pay the mortgage and rent, nancy pelosi is renting a new office in san francisco for just under $19,000 a month. it turns out to be quarter of a million every year and yes, u.s. taxpayers are picking up the tab. this makes your blood boil. >> you have no idea. almost $19,000 to make her office green? are you kidding me? the disconnect between washington and main street is growing bigger and bigge...

To work -- aimed at getting americans back to work. will it make a difference, not aconcluding to john bane efrment -- john boehner. >> it is outrageous and is another example how they continue to rampart san legislation through the house, without the transparency and accountability the american people expect. bill: from yesterday and now, neil cavuto, the anchor of "your world" and the managing editor of business news and fox business network and the bill, $15 billion -- and didnt garner a head...

The government has reduced spending on foreign aid this year from 0.7% of national income to 0.5%, due, it says, to the seismic impact of the coronavirus pandemic on the economy. its a cut of almost £4 billion. in response, a group of 28 rebel conservative mps and two former prime ministers, theresa may and sirjohn major, have promised to back an amendment to a bill being voted on in the commons today. this would reverse the foreign aid cut next year. the amount of money were talking about here...