have a great weekend. you re in the cnn news room where the news uned fors live this saturday, july 16th. live pictures now from washington where it s a day off from the talks about the debt ceiling, but not because there s a done deal. president obama and congressional leaders are still at an impasse after discussions at the white house all week long. the president maintained during his weekly address he wants to consider both tax hikes on the wealthy and spending cuts on popular entitlement programs. we ll try to get the president s the address now a moment. the republican response? a different take on the issue. they insist that tax hikes are off the table and a balanced budget amendment is needed. the solution to a spending crisis is not tax be ins. yet washington is consistently demonstrated that it cannot control its urge to spend. that is why the only long term solution is a balanced budget amendment to the constitution. only by restoring constitutional restraint
glenn: the price of oil climbed over $95 today. highest it s been in two and a half years and driven by the latest wave of violence in libya. so what does this mean for your freedom? here is charles payne, ceo of wall street.com and fox business network contributor and eric boling. first you were in the oil training business for a while. i said to my company today, i have to find out what the number is but 115, 120 is going to make the price of oil per barrel is going to make things really, really soft and dangerous and a spike up above that could collapse us, sustained 120 per barrel, three or four months and then a hard spike.
glenn: the price of oil climbed over $95 today. highest it s been in two and a half years and driven by the latest wave of violence in libya. so what does this mean for your freedom? here is charles payne, ceo of wall street.com and fox business network contributor and eric boling. first you were in the oil training business for a while. i said to my company today, i have to find out what the number is but 115, 120 is going to make the price of oil per barrel is going to make things really, really soft and dangerous and a spike up above that could collapse us, sustained 120 per barrel, three or four months and then a hard spike.
read the disoritation in the wall street.com. i don t know how you find the time. thanks, doc. and thanks for having me. developing newings. chile rocked by a massive 8.amagnitude earthquake and a dangerous tsunami as well . hawaii is under a serious tsunami warning. we ll have the latest coming up. there are so many unknowns about autism and what causes it. a new study said there are factors like the gretted - ingredients of make exup hair spray and other environmental factor to kids with autism. this is important information. bass pro is here with a three time classic champ kevin van dam. stick around.