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Committed to tightening their belts. the 27 eu member states plan to cut their budget deficits to 3% of gdp or less by 2014. now, you might remember last december ireland got a $119 billion bailout from the eu and the international monetary fund. and before ireland was greece. they agreed to make a deep spending cuts across the board as part of the terms of a $157 billion bailout. and nina, in the meantime, all eyes are on the ecb and interest rates. >> the age of austerity is in full swing here in europe. the european central bank as pauline was just saying is expected to release its latest i...

Plants. not all of those are in operation. in 2009 they reported $157 billion in gross assets, pauline. well, tepco is facing a sharp loss of confidence from the public over this fukushima crisis. about 3g 00 protesters rallieded outside of utility headquarter this weekend. public protests are relatively rare in japan. some executives have even received death threats online. now id ya is cracking down on corruption. we'll tell you which high-profiled figures are being blame for costing the country billions. more. if you replace 3 tablespoons of sugar a day with splenda® you'll save 100 ca...

Thinkers. >> number three, jim simon, $257 billion, even while officially retired. number four, david tepper, $2.2 billion. tepper likes to call himself a typical middle class guy who makes billions of dollars. >> his lifestyle is fairly humble compared to a lot of other people. >> this year, tepper picked up what appears to be his first vacation home, reportedly buying an ocean front estate in the hamp tops. he recently joked about a photo which shows up in a newspaper. >> if you look at that picture, i look like a mob boss. >> steve cohen, $1.3 billion. >> steve cohen is the quintessential b...

These government stimulus efforts. so, cutting spending and job creation are not mutually exclusive. >> eric: what will they do? joining us is the anchor of fox news sunday, chris wallace. >> chris: good morning. >> eric: we face a $1.5 trillion budget deficit and the republicans want to cut $57 billion, and the democrats, at what, like $4.7 billion? how will they ever try to achieve something. >> well, neither is a drop in the bucket. the republicans is an even smaller drop in the bucket -- the democrats' is -- but this is trying to clean up last year, the bigger issue is the 2012 budget and ...

Wisconsin senate majority leader joining us in 35 minutes and tell us about the breaking news. this isn't just about wisconsin. this is going to be all the states who say they can't balance their budgets when it comes to public unions. >> let's go to capitol hill because our own federal government hasn't been able to pass a budget for the year we're currently living in, 2011. guess what happened yesterday, as predicted, both of the bills, the g.o.p. version and the democratic one both did not pass. but the interesting thing is 11 democrats, one independent, 10 democrats, did not vote for the d...