876 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Now increasing the odds of a recession. and some of them appointing to trump's trade battle with china and the uncertainty that comes right along with that. there's also the deficit, which grew to $876 billion through the month of july. that is a 27% jump from the same time last year. and the white house says the deficit will exceed $1 trillion this year. that is the first time that's happened since the years following the great recession. cnn's jeremy diamond is traveling with the president. so jeremy, we saw the president there up on the stage. what's his message today? >> reporter: well, br...

The interest on the debt. and it goes up to 876 billion in 2024. we're back with the panel. george, what about tax day this year and where we are headed? >> well, first of all the interest payments are abnormally low. when as surely it must the cost of government borrowing goes back to the post war norm of 5.5% as essentially zero interest rates now. that will double and quintuple. the biggest addition to the debt itself is the interest rates. i don't think this is a day for americans to feel sorry for themselves. they should feel ashamed of themselves for the decadence. we used to borrow mone...

Republicans don't want to see taxes raised in any capacity. jeb hensarling said two days ago $250 billion in new revenue was the last offer he'd give. yesterday he said he was waiting for a democratic plan. democrats countered saying we would be happy to do $400 billion in revenue with $876 billion and other types of savings but you can't touch anything in regards to social security or medicare or any of the entitlement programs. same issue, entitlements versus taxes, still not able to be figured out toward the end now. with the clock ticking a lot of folks on capitol hill are very pessimistic...