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Republicans are offering the version passed by the house and that has 62 billion dollars in cuts, and, democrats are proposing to slash just one-tenth of that, $6 billion. so, can they bridge the big gap? what happens if they don't, david drucker is a staff writer with "roll call", we have a $1.65 trillion budget deficit and, some say they are fighting over the crumbs. what will happen? >> well, a great question, and i think it will come down to whether house republicans and senate graduates in concert with the white house can reach an agreement on something that is sort of a true middle for a...

Vice president biden has now been sent up to the hill. he's going to convene a meeting in the capitol with the democratic and republican leaders to try to dig out of this budget mess. john boehner's got a plan on the table, $61 million -- >> and calderon is meeting with boehner, right? >> right. right. but on the domestic front tea parties, conservatives want $100. they're saying $61 billion aren't enough. democrats in the president's own party saying $62 billion in more cuts is far too much. so the president according to john boehner in his words has been on the sidelines too much during this...

It, the conversation here in washington is almost bizarre. we have a $1.5 trillion deficit. we have a $14 trillion debt. and, the focus is on $4 billion spending cut or a $61 billion spending cut. hello! what is wrong with this picture? bill: gotta start somewhere, eric bolling, follow the money. >> hello! good morning! boy, is he right. and the $1.5 trillion we'll add to the $14 trillion debt, really, doesn't amount to much. let me show you what they've decided to do. we bought two more weeks, as of the senate vote this afternoon, will buy two more weeks and they'll cut $4 billion outs of spe...

Tonight. the house of representatives approved a bill with $61 billion in cuts and the white house is vowing to veto it. lawmakers could save billions by not throwing taxpayers' dollar down the drown after a report on wasteful spending. it comes from the nonpartisan gao with a list of overlapping federal agencies and how much they are costing all of us. including, 18 programs to help feed the needy at $62 billion a year. 47 job training programs, another $18 billion a year. and 82 different teacher improvement programs for $4 billion a year. why all the overlap? according to this report, it lo...

The offices overseeing the agencies. and you wonder, job training an teacher quality are two areas we have had problems with, lately and you wonder what the agencies have been doing about it an tom coburn is speaking out about it. >> reporter: the senator from oklahoma who requested this as part of the process, last year, when congress voted to raise the nation's debt ceiling, the legal limit for how much money can be borrowed. and high put in the amendment that required this general accounting office report. this is the first report that has come from that demand, for a really close scrutiny ...