Page 7 - 1st Cut News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In illinois, the states are doing the cuts. we're talking about-- >> they're doing some cuts. >> which is their unemployment insurance. >> doing some cuts. >> i'm with ben on this, are we helping them bridging other times and-- >> adam to your point though. >> and we know they're cutting. >> to your point though if they're just going to get the back door bailouts from the government then they won't cut and they'll never have to-- >> they're already cutting. >> to avoid-- but they are, charles, right, they are, they are cutting and just-- >> and adam, listen, this is a situation that these stat...

Predicted to be a whopping $1.5 trillion. that's just how much we've overspent this year. and congress and the white house have responded with cuts of about $30 billion to $50 billion so far. we have $1.5 trillion. seems like they need to make a few more cuts. we've called in john stossel, who is here with a one-word solution -- cut. he's going to use these enormous scissors. >> reporter: crime does pay for these guys, because they don't cut. they keep spending more money. megyn: you are freaking me out. i'm having a "mommy dearest" moment with the scissors. >> reporter: they really cut. megyn...

Some breaking news coming in. a new york judge sentenced michael douglas's 31-year-old son to five years this prison on doug charges. cameron douglas had faced a 10-year term. msnbc's paige hopkins returns with more news. >> i'm less angry that he got five years, better than the three and a half he had predicted. now to the fastest three minutes in news. let's go down to the wire with apple's secret iphone. a new record on park avenue. if you won't cut out the salt the government may be ready to do it for you. the ad if a fda is considering a plan to regulate the amount of salgt in food becaus...

Walls, one of my many bosses and in washington, karen finney. richard, i have to put this to you. romney says he will create 12 million jobs by cutting taxes across the board by 20% -- >> he's not going to cut taxes. >> hang on, which economists said cal cates to about $5 trillion but romney now says he won't cut taxes at 20% across the board and it won't accumulate $5 trillion in that sense. so is romney a presidential candidate or a ventriloquist? >> well, he's certainly a great debater with himself, right? because that would be a very interesting argument, the guy who promises tax cuts but ...

Block congress. that's all the republican party is, is block the president's efforts. and they put together a team which is going to make this debt reduction problem absolutely impossible to solve. if you can't have any kind of revenue increases, and you can't cut defense spending, and you can't stop the wars, how can you deal with the problems this country faces? and those are the guys they put on there and so they set it up so as mitch mcconnell says, the president will get no chance at a second tour of duty as president because we are going to stop everything he tries to do. >> well, i unde...