Page 29 - 650 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Get back to work and do their job. i just want to remind everyone, total totally obvious, we all know it. but this is yet another self-inflicted wound. there is absolutely for reason for us to be taking $85 billion out of the 2013 economy in government spending at a time when the economy is already too weak as far as i'm concerned. so this is exactly the opposite of what we ought to be doing. >> ezra there is a new simpson-bowles plan out today, of sorts. you talked to erskine bowles today, what is their approach? >> it is really striking, the simpson-bowles one had more tax increases than pre...

Alerting people, particularly young people to a problem right in front of our eyes. what are you saying? >> they're going to pay the price. they're going to bear the burden for the failure, and i underline the word failure for the president and the congress to reach a fiscal bargain. let's put the numbers in perspective, neal. the sequester is 85 billion out of a 1.3 trillion dollar discretionary budget but over half a year. it's 85 out of 650 billion. it needs to happen if they don't reach a bigger deal, but it's more significant on the part of the budget that's being -- that's being affected...

On, you're seeing protests, a double whammy making it doubly hard to get out of of it. there is hope that germany might drive this economy out of the dole drums and there is a longer range hope that the u.s.-eu freed trade agreement which was mentioned by president obama's in tuesday night's state of the union address might help job wise on both sides. remember, $650 billion a year in trade on both sides of the atlantic, a two-way trade deals. again that is a couple years down the road. bill: greg, thanks. hang in there. it's been a long road. greg palkot out of london today. martha: this stor...

Senator patti murphy of washington is working on a alternative to replace the 85 some order billion cuts that would take place this year. it amounts to $60 billion in new taxes and $60 billion in spending. republicans have pronounced the patti murray idea dead on arrival and the g.o.p. makes the point in the last couple of months they already approved $650 billion in tax hikes when in fact the obvious problem in deficit spending is the word spending, jon. jon: $85 billion, so, if that is what senator murray is talking about that doesn't seem like it's a very deep cut given the size of our budg...

There are no jobs. economists say there could be some pick nun euro growth this year. that would be good news for the u.s. europe is our biggest trading partner. nearly $650 billion in two-way trade last year. >> we all barely growing if we are increasing taxes. and cutting spending. then that will have a direct impact on the wealth of ordinary americans. talks have yet to begin. experts warn economic relief could be a few years away. bret? >> bret: greg palkot in london. thank you. a many man consider around the world a hero and a role model is suspected of murder in south africa. police say ...