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Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Agreement affect you and your family? chief washington correspondent james rose season here to run numbers for us. james? >> reporter: good evening. we hear all the talk in context of the debt ceiling crisis, billions and trillions. but as the graphic wizardss at fox news realized, it's all your money. let's look at how your money factors in the national debt. if the lawmakers and lawmakers agree to give uncle sam $2.5 trillion in borrowing power as they've been debating, the debt ceiling would be extented from the current figure to $16.7 trillion. let your eyes linger on all the zeros. guess ...

Let's try to be balanced here and go to the liberal side of, the progressive side of the democratic party. with your caucus and you're a leader of the home caucus, got people from california, from the bay area, people from the northeast, from the new york city area. members of the black caucus. people that are very liberal. will they go along with any kind of deal that questions social security, like a means test for rich people, something that says after certain income level or certain something you don't get a quota? are they willing to attempt, if you will, with these sort of sake krit text...

Way out of your net worth and this deal the tax deal is going back into the right direction. this is a good deal for all americans. >> here is why it is a good deal. what it means to your paycheck. first, workers pay 6.2 percent of the first $106,000 wages in social security and now it is 4.2 percent and a little more money in every single person's paycheck. >> the easy math if you make $1,000 a paycheck you used to pay $62 withheld and now only $42 are withheld. and it could take a couple of weeks for the payroll departments wherever you work to get up to speed so you may pay the additional $...