Page 48 - August 2 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

won't support deep cuts without increases in taxes. >> if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. >> david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change america's unsustainable economic path. what do you think? do that you think that opportunity is lost? >> well, a week is a long time in politics. it can be a lifetime, as you know. i t...

right now on cnn, what is going on in rochester, new york? >> i'm not deserving what they're doing, and they're arrested me. i don't understand what's going on. i did nothing. i did nothing. >> all right. that's not good -- being arrested for videotaping an arrest from her own front yard. i'll talk with a local lawmaker who says he's been the target of police retaliation. plus, we investigate deeper. the outburst you see there probably won't help this woman's case. she's accused of attacking her husband. caught on tape, attacking the judge sentencing her. we're going to talk to the...

to be severe. welcome to "your money." i'm ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nation's bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he won't support deep cuts without increases in taxes. >> if you're trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and is not going to be something that i ...

The day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2nd but this does mean we have until august 2nd before we lose our national credit have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right now, politicians in washington are trying to avoid default by striking a grand bargain on big spending issues and big taxing issues. but the fact remains that the country can avoid this crisis, can avoid default, with...

out a plan palatable to both sides, and there's a separate push for the balanced budget amendment. the president suggested this morning that the u.s. doesn't have time have for any proposals. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs and to make sure that the government is living within its means and making responsible choices. so it this notion that we're going to go through a multi-year process instead of seizing the moment now and taking care of our problems is a typical washington response. we don't need more stud...