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a string of delays the house narrowly passed speaker john boehner's version of a debt reduction bill. >> i stuck my neck out a mile to try this. to get an agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try this. to come to an agreement to avert us being where we are. a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and time for our colleagues across the aisle, put something on the table! tell us where you are! [ che...

$175 billion in the hole. they've seen there is $2,100 in additional premium costs when they were told that this would bend the cost curve and the premium costs would go down. they actually, like i say, have just about -- they come up with a program here that was so partisan to begin with, not one republican was even asked to participate in the end, and now they're stuck with this dog and they don't know what to do with if. so they keep saying things that aren't true about it when we put the facts out and our facts are backed up by the authorities. >> dana: so for those who don't support it, a...

Let's talk a little bit more about this. chief washington correspondent jim angle is with us with more. jim? >> reporter: hello, jenna. half the reduction in number of uninsured people under the new law would come from a federal expansion of medicaid, health care for the poor. the new law would push some 16 million people into the program but the states pay a share of medicaid and they're already in financial trouble. listen? >> $118 billion in new unfunded mandates on the states already $175 billion in the hole. >> now the cost of medicaid is shared by the states and federal government. healt...

Welcome back. you're watching "world one." >> just six days into the japanese disaster. it is it too early to figure out all the financial losses. it could be the most costly disaster ever. if that turns out to be true, losses from the japan quake and tsunami could exceed those after hurricane katrina in the u.s. in 2005. that storm and the floods that followed it cost $125 billion. investment bank credit suisse estimates it could top $175 billion. >> those fears are having an impact. stocks in japan tanked after the quake and tsunami but after two sessions of punishing losses,

I'm. >> we had a late day surge. the dow jones industrial average finished 51 points lower. the s&p 500 lost nearly an eight. the nasdaq fell 14. events in japan having a noticeable impact and i number of sectors. japan as nikkei index closed down more than 6% overnight as industries and refine rice shut down production. losses are estimated at around $175 billion. u.s. oil refiners soared on hopes they will be picking up some of that activity. solar stocks also gaining ground after the quake raised new concerns about the future of nuclear energy. toyota plunging on word it's suspending operat...