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But now we have to worry about the next generation and what kind of debt we're passing on to them. the white house seems to be proud they're going to spend less and reduce the deficit. >> reporter: look, this number just jumps right out at you, $1.65 trillion. that is $170 billion more than we were estimating six weeks ago. now, that's impossible. when you compare it to the budget that the president just submitted, he wants to cut the deficit by 1.1 trillion, 1.1 over the next ten years. megyn: that doesn't even equal one year's deficit -- >> reporter: no. megyn: never mind our $14 trillion de...

Joining us is managing partner of chatwood capital investment. the yield on this was 11.65, that is the highest yield in a couple of years. i take it obviously the greater the instability, the greater the risk the higher the yield. as an investment, is egypt to risky? >> without question. i would love to know who is buying the bonds. i'm surprised they aren't higher and given the news about the dissolving parliament the government has been dissolved. who in their right mind would go out and buy bonds that are backed by egypt? i don't get it. >> gregg: and that brings up a larger picture. in te...

News for the american people, right here. martha: that is an excellent point and a lot of fingers were pointed at the epa sort of taking over what they couldn't accomplish with cap-and-trade and we'll stay on top of that. let me ask you a question, about the oil drilling issue. because, before the bp thing happened, the obama administration said, you know, we'll open new areas to exploration and a lot of people applauded that and that was clamped down on, of course, after the bp oil spill. where does that stand now. >> let me take you through the process. first of all, we need to understand on...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.