35785 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And seeing how far you can get into these devastated areas. the good news, the floodwaters are starting to recede. the bad news, there's so much water that fell in this area, the streets, these neighborhoods, still impassable. >> all right. george howell, thank you so much. we appreciate it. in a few hours, the president and first lady will leave washington to go to the gulf coast. >> they are set to meet with the people affected by hurricane harvey in texas and louisiana. jeremy diamond, what do you know about this trip? >> reporter: in a few hours, the president will depart from the white ...

Perhaps the most remarkable example how they are taking money from less well off people and giving it to more well off people. $880 million in medicaid cuts, another $675 million to end aca subsidies. they are giving back about $542 million through their own tax credits. but the btom line is a netcut of $1.1 trillion in health care assistance for people of lower incomes and for the poor. against that they are cutting taxes by $785 billion, the vast preponderance of that go to people making over $250,000 and to businesses, all of it really going to those groups. that's how they got the reductio...

>>greg: here are the four areas: tax code overhaul, discretionary spending cuts, medicare and medicaid and social security changes. for example, what kind of tax code overhaul are we talking about jonathan? >>reporter: well, again, based on the president's debt commission which has the idea that if you close a lot of loopholes, and, look, a lost tax breaks we don't really think of as loopholes like, for instance, the deduction you get for charitable giving if you shrink those or eliminate them, you can lower tax rates and raise more revenue. the debt commission saw about $785 billion in additi...

Plunged 30,000. average rate on a 30-year fixed loan has risen to 5.05. stocks were mixed the dow lost 10 1/2 and nasdaq gain 1 1/3. top medicare official who once professed love for british medicine went before house republicans eager to discredit the president's health care law. >> republicans had lots of questions for donald burwick is lo is in charge. but many worry that the $35785 billion will make it hard for people to find providers. >> 725 hospitals, 2352 nursing homes and 1587 home health agencies will be unprofitable. >> i mean the medicare actually