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And that means any grand bargain to avoid the fiscal cliff will slice away at one of the nations most popular programs. Medicare is clearly in the gunsights. Reporter its possible congress and the president could agree to save 300 to 400 billion from medicare by cutting fees for doctors and hospitals. But analysts worry slashing payments wont make the Health Care System more efficient. This is not really a way to structurally change medicare and if you dont change the underlying incentives, you dont get longterm savings. Reporter progressives at the center for American Progress say the governm...

And that means any grand bargain to avoid the fiscal cliff will slice away at one of the nations most popular programs. Medicare is clearly in the gunsights. Reporter its possible congress and the president could agree to save 300 to 400 billion from medicare by cutting fees for doctors and hospitals. But analysts worry slashing payments wont make the Health Care System more efficient. This is not really a way to structurally change medicare and if you dont change the underlying incentives, you dont get longterm savings. Reporter progressives at the center for American Progress say the governm...

They do things for noneconomic reasons. Somebody said in europe, they dont care about theyre going to keep europe together. The u. S. , i think entitlement reform is serious. I think they have a couple weeks to work this out. Barry, thank you so much. Its been a pleasure talking to you today. Thank you. That does it for us today. Make sure you join us tomorrow. Right now its time for squawk on the street. Good morning. Welcome to squawk on the street. Im melissa lee, along with carl quintanilla, jim cramer and david faber at the New York Stock Exchange. The new home price reports were just rel...

Work today after a long holiday weekend, but returned to the same worries about the fiscal cliff. And a new report from the white house added to the worries, showing that unless theres a deal on solving the crisis, the u. S. Economy would suffer big time. The obama administrations economists estimate consumers would spend about 200 billion less next year than they would have otherwise. Congress and the administration have only a few more weeks to nail down a deal. But that deal will have to address some tough issues, including entitlement reform. Darren gersh explains. Reporter the big money i...

1. 5 billion online today. Susie and change comes to the nations top Securities Regulator Mary Schapiro is stepping down. We look at whats next for the securities and exchange commission, and its new leader. Tom that and more tonight on n. B. R. susie americans were back at work today after a long holiday weekend, but returned to the same worries about the fiscal cliff. And a new report from the white house added to the worries, showing that unless theres a deal on solving the crisis, the u. S. Economy would suffer big time. The obama administrations economists estimate consumers would spend a...