Page 97 - The Sequester News Today

Latest updates on this topic.

Defense alone. >> well, the other part of the fiscal cliff is congress agreed that they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didnt figure out how to do it. and so what we now have is a situation where these automatic spending cuts go into place. now, if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off whats called the sequester, these automatic spending ...

Latest updates on this topic.

Nbcs mike viqueira and luke russert. gentlemen, thanks for being here. our cnbc colleague john harwood is reporting that there will be no vote in the house tonight, and according to his sources, the u.s. will go over the fiscal cliff. whats your reaction to that? have you heard that -- >> we can confirm that. >> i love john harwood, but luke and i have been reporting the same thing, jonathan, so there. >> okay. so were going over the cliff? >> apparently. thats the bad news. the good news is, th...

Latest updates on this topic.

Topsy-turvy situation, and this is where the president is in an interesting position, the one clout he had was this threat to raise taxes on everyone and republicans gave some of what he wanted and couldnt take everything back off the table in terms of protecting taxpayers, but thats gone. so now there are three things apping. one, youve got the sequester, which the president has to fight against. he didnt want to save any of that money. the republicans have insisted on it, and they are going to...

Latest updates on this topic.

Until republicans turned against it under president obama. even the dreaded individual mandate came from the conservative heritage foundation, and was the republican answer to hillary clintons health care proposal. the most recent head scratching example is the republican effort to stop defense cuts. the sequester road show will be a coordinated effort by republicans to barn storm swing states and one of their prime arguments will be how many jobs will be lost. but wait. werent republicans the o...

And forth about the package they are going to put through the senate and its been blocked. >> you have to wonder whether president obama isnt thinking, this suits him well when nothing gets done. hes running against congress and hes going to be doing that for the next ten months and that will be the theme of his campaign. the more republicans are seeming to stand in the way of getting things done that the american people want done, it helps him. thats the kind of micropolitics of this. of course...