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Later at a cheaper price. guys were shorting the euro. the euro at $1.30, $1.28, and they bet it would keep going down. on friday nobody thought about t.a.r.p. 2, basically. it was trading at $1.25. on sunday, 2:45 in the morning european time, they approved this measure to give $1 trillion in basically stimulus money. now the euro takes off because it looks more stable. it's not going to go down anymore. in effect, these guys who bet that the euro was going to go down to maybe $1.20 have to cover their risk. >> reporter: because it's going higher. >> it's going higher. today it's at $1.28, $1...

Wall street. as that number goes down to more than 150,000, which seems to be the consensus, there's less prospect of u.s. interest rates being moved up soon and perhaps there's pressure on the euro. there is a lot of worry out here behind all of this. we're still worrying about banks. .only credit rights issue a couple of days ago is still being talked about in the markets because there's a big worry about european banks having to raise capital. here we are up by about 0.66% for the xetra dax, paris cac current, up by nearly 1% right now. let's have a look at the currency markets. we're looki...

First-class ticket on amtrak for the sleeper car we subsidize that by $364. that is 1.28-dollar $1.28 bill. >> chris: the fact is if you are going do nondefense discretionary spending it is a 22% cut to cut $100 million. >> it has grown by 88% the last three years. it is not that difficult. >> chris: why is there not any specific cuts here? >> it goes down to -- >> chris: nonot for defense it doesn't. >> we show programs where are we show votes on the floor through you cut where we have gotten more than the ability to go through it. what about when we laid out our pledge to that lumber company...