Page 92 - Spending Problem News Today

marketsite. "american morning" starts right now. >> no vote on the debt plan again. im christine romans. as the u.s. economy lurches closer to a financial crisis, the political crisis continues. house speaker john boehner calls off a vote, unable to convince hardline conservatives in his party to sign on to his plan. >> im kiran chetry. more than 90% of texas is now in extreme drought. the state could sure use a lot of rain and now tropical storm don is expected to make landfall along ...

tea party demanding more cuts in federal spending, a cap on future budgets, and a balanced budget amendment. but at a republican caucus meeting speaker of the house john boehner told everyone in his party, and i quote, "get your ass in line." and listen to senator john mccain. >> what is really amazing about this is that some members are believing that we can pass a balanced budget amendment to the constitution in this body with its present reputation, and that is foolish. that is wors...

Poor leadership. now he wants to raise the debt ceiling and incur more debt this is the problem, let me go back to president obama and what his problem is. he doesnt understand that we have a spending problem in this country. back in the day we used to hear it is the economy stupid. well now simply put, its the spending stupid. what is going on now with our bloated overreaching, fat, nauseating spend, from federal government. taking more state and individual control from americans and trying to ...

impact nationwide on an all fragile recovery. >> a default and the ripple effect i think would be impactful and representing our consumers, we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. >> thats here at home. then there are global worries. concerns that a default or even a close call here could rattle international markets and international economies like that domino effect back after the big wall street m...

for those of you too young to remember that is a a 1970s movie. >> i want you to go to the window, stick your head out and yell, im as mad as hell and im not going to take this anymore! >> now that sounds like how a lot of people feel these days. this time, instead of the late actor peter finch, it was president barack obama who will people to take action. >> im asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress...

the president will lay out his case within a minute or so. two minutes after the president finishes what is expected to be about a 15-minute speech to the nation, two minutes after that, we will hear a separate speech from the house speaker, john boehner. he is up on capitol hill. he will make his case, why the president right now is wrong. why the republicans are right. both of them presumably will say the stakes for the united states are enormous right now and the country must do eve...

the country will not have enough money to pay all of its bills. tough decision also have to be made. the stakes right now are enormous. the president will lay out his case within a minute or so. two minutes after the president features -- finishes whats expected to be about a 15-minute speech to the nation, two minutes after that, well hear a separate speech from the house speakeren. >> boehner. hes up on capitol hill. hell make his case why the president right now is wrong. why the re...

two minutes after the president features -- finishes whats expected to be about a 15-minute speech to the nation, two minutes after that, well hear a separate speech from the house speaker boehner. hes up on capitol hill. hell make his case why the president right now is wrong. why the republicans are right. both of them presumably will say the stakes for the united states are enormous right now and the country must do everything possible. everything possible to avoid default. theyve b...

a democratic source telling it differently, saying the president challenged mr. cantor for what the source called" talk out of both sides of his mouth". theyll be back at the table tomorrow. the stakes could not be higher. moodys today put americas credit rating on review hinting at a possible rating drop. ben bernanke says defaulting on the debt would be catastrophic. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing a...

sitting here? ive reached my limit. this may bring down my presidency but i will not yield on this. congressman cantor says he says dont call my bluff, im going to the american people on this. finally cantor says he pushed back from the table and left. a democratic source telling it differently, saying the president challenged mr. cantor for what the source called" talk out of both sides of his mouth". theyll be back at the table tomorrow. the stakes could not be higher. moodys today p...