400billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Popular benefit programs such as social security. the president says his proposal will cut next year's deficit to $744 billion, it's the lowess since 2008. his plan will cut the deficit by an extra $1.8 trillion over the next ten years bringing the total savings to $4.3 trillion based on the administration's calculations. of course the cbo will take a look at this as well. the president's ten-year plan will trim $100 billion from defense spending. $400billion from medicare and save $230 billion by change -lg the inflation formula for benefit programs. there is going to be a quiz on this later....

I should be clear that geithner has not threatened to do so, in fact he's down-playing it. but if the congress and the white house fail to get a deal geithner could act on his own in the new year to freeze withholding rates for those making up to 250k. jon. jon: interesting. mike emanuel in the capitol building, thank you. jenna: the president's opening bid to avoid the fiscal cliff, already called a none starter by republicans including this $1.6 trillion in new taxes. 400billion in spending cuts, tbd specifically on that. a little extra cash for infrastructure spending, republicans call that...