And how much do we need to take out of the major entitlement programs to slow the growth and then they will kick it to the next congress but not kick it so much as instruct the next congress to bring back a plan that will meet those numbers. Reporter entitlement spending is a key sticking point. Republicans complain democrats have already ruled out savings from Social Security and they are taking many options for medicare savings off the table. From a Republican Point of view, wanting something that is really structural in nature to bend the costcurve over time, i think Something Like eligibility age is probably a musthave for republicans to vote for a tax increase. Reporter if the twostep process doesnt come together in the next few days, House Republicans could move on to plan b. That could mean the house passes the Senate Tax Bill the president has urged them to take up. It extends the bush tax cuts for the middle class for a year. It raises the Capital Gains rate to 20 , and it pat
Opposition to the president s demand for higher taxes on the wealthiest americans and an Automatic Extension of the federal debt limit. It was the third facetoface meeting between the president and boehner in eight days. Darren gersh has the latest. Reporter House Speaker john boehner wasnt talking after meeting with the president today. But his offer to raise taxes on those making more than a Million Dollars a year was taken as a sign that some progress is being made to avoid the fiscal cliff. Former clinton budget director alice rivlin expects the final deal will play out in two steps. First the president and the speaker agree on some numbers. How much do we need over ten years from taxes and some specifics about how we get them. But not too many. And how much do we need to take out of the major entitlement programs to slow the growth and then they will kick it to the next congress but not kick it so much as instruct the next congress to bring back a plan that will meet those numbers
It can no longer accept u. S. Customers as market regulators say its trades arent legal. Shanghai composite closed below 2,000 for the first time in three years. It comes at a time when plenty have been talking up chinese Growth Prospects for next year. So well get into that more later. But 1991 is the closing level. This the main one to watch across asia. The nikkei did manage to continue it rally adding about 0. 4 as the yen weakens on comments this morning. Forex, the dollaryen one to watch, 82. 19 is the level there. The aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. Sterling is flat. Well get into that more later. And eurodollar just barely higher today, we did see it rallying over the 1. 30 mark last night. As we look at crude rallying adding a third of a percent. Brent about a quarter of a percent. Copper, were adding 0. 2 . 354 bucks on that contract. The real foe you can as we continue to examine whether chinas economy is fundament
The Iraqi Military announced a huge step forward in its fight to recapture the city of ramadi from isis. They say theyve pushed the terrorists out of a key government complex in the heart of the city. Right now Security Forces are advancing slowly. Theyre concerned about explosives and booby traps isis may have left behind, but the commanders say theyl have ramadi firmly in their control within a few days. The provincial capital sits about 110 kilometers west of baghdad. It fell to isis this past may. For more, we want to turn to robin ceil. She joins me live from london. Robin, do we know what the situation is on the ground right now, how much progress has been made by the iraqi forces . Well, this assault began in earnest on tuesday, and they have been advancing, rosemary, toward this key government compound, the provincial government compound which holds a number of essential buildings toward the city as well as the isis militant stronghold. Now that theyve reached the compound, the
Doing something that never, never happens in washington, folks. Healy is telling the people around the table, his cabinet, to cut their agencies, in some cases, by 20 , so, and one day, we are talking about rolling back the biggest entitlement of our time, obamacare, and cutting the size of government. This is important because this has never, never done in washington. Republicans dont do this, democrats definitely dont do this. So, welcome to the first 100 days, everybody, i am martha maccallum. It is day 53. There is duplication and redundancy everywhere. Billions and billions of dollars are being wasted on activities that are not delivering results, for hardworking american taxpayers. This order requires a fair examination of every executive department and agency to see where money is being wasted, how services can be improved, and whether programs are truly serving american citizens. Martha imagine that. Joining me out to talk about all of this, former speaker of the house im a new