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Spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more than half of married couples with two children will owe an additional $4,000 in taxes a year. and the 2011 temporary payroll tax cut expires, meaning a 2% tax increase for most workers. if nothing is done, $984 billion in defense and non-defense cuts that congress agreed to, which is referred to as so-called sequester in washington's beat, that will go into effect. emergency unemployment benefits also be expire. during t...

Victims by attending a memorial outside of the theater. good news this morning katie medley a pregnant woman who escaped the massacre without injury gave birth to a baby boy hugo jackson medley. hugo's dad is fighting for his life. he lost his right eye in the shooting and has brain damage. new analysis by the congressional budget office will shrink a little but still costs a staggering amount. states being allowed to opt out of medicaid will reduce the deficit by $84 billion over the next 10 years. that bring the cost of the healthcare law down to $1.2 trillion much more than the 94 billion...

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>> molly: one more note. in order to make the wednesday deadline they are required by law to make its plan public and submit the plan to the congressional budget office 48 hours prior to a vote. so really that pushes the deadline for a deal to this coming monday. >> gregg: it does, indeed. molly, thanks very much. super committee has essentially until wednesday, maybe monday to cut that $1.2 trillion in spending, if they fail a series of automatic cuts take effect totaling $984 billion. they include, $454 billion in defense spending and domestic spending, $294 billion in non-mandatory spendi...

Washington post" today that treasury receipts have been coming in higher than thought, tracks revenues so you might have a little bit of play. there's an auction on august 4th, $84 billion was the number that the fact is europe has its own problems and u.s. treasuries are still the safest place to go buy? >> i know there are a lot of people outside trying to count the hour to hour and day-to-day cash flows. no one has come to me with any evidence that there is more room than august 2nd. these are very large numbers. a lot of transactions, tens of millions in transactions. i think anyone who's ...