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

why congress may have breathing room when it comes to raising the debt ceiling on this "american morning." and good morning, everyone. it is wednesday, july 27th. this is "american morning." a lot going on today. let's get to it. >> it does feel like dueling bangoes, doesn't it? when you hear both sides of the debate they're dug in but insist they're right. >> and a growing number of americans want them not to be. >> they all say god bless america. how we get there is the question. >> two maker developments in the debt crisis, following minute by minute here. six days until the dea...

To private sector development to get us into space. that's calling for a $90 billion cut. >> nasa is a big sprawling agency. i think private space entrepreneurs including richard branson are showing the way. one of their things they are doing is they have prizes. you put out prize money and people will figure out ways to get into space. bill: there are companies in california sending rockets into space and then lands on air strips in california. the "wall street journal" says if spending went back to the 2007 baseline, the beginning of the first pelosi congress, $374 billion would be saved. ov...

Programs in the last ten years. here they are, the gigantic tax cuts that went predominantly through the years. that's by far the biggest damage we did to the bucket. in 2003, another round of tax cuts. medicare part d, and then in 2009, the stimulus package cost $793 billion. then 2010 tax cut was $374 billion. keep in mind those are only the numbers through 2011. over a span of ten years they're going to cost a hell of a lot more than that. for the 2001 tax cuts, 18% of democrats voted. 93% of republicans did. that caused the biggest problems in our budget.