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February a new round of arm sales to taiwan, chinese major general lu yon told a chinese run magazine, quote, we could sanction the u.s. using economic means such as dumping some u.s. government bonds. the new house majority leader admits extending the tax cuts would force america to borrow more money. >> if you have less revenues coming into the federal government and more expenditures, what does that add up to? certainly you're going to dig the hole deeper. >> reporter: the u.s. is already in the hole $883 billion just to china. more than double what it held in u.s. treasuries just three yea...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

>> the deal brokered was by the president of the united states. he did not fight a vigorous enough battle for this in the entire last year. >> house and senate democrats seem to be itching for a fight right now. the president doesn't want to risk having the tax cuts expire and leave them in the hands of john boehner and the wrong party with the majority in the next house of congress. well, i think the american people are a little bit tougher than what the president is willing to give them credit for and there is support there, mr. president. people will sacrifice if somebody stands up and show...