Page 29 - Borrowing Power News Today : Breaking News, Live Updates & Top Stories | Vimarsana

live on capitol hill correspondent. you've been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what's in the latest plan. >> i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he's saying as afghanistan and iraq wrap up, there's about a trillion dolla...

w.h.o. on cell phone safely. >> if you've ever put a cell phone to your ear -- >> there's no way to say cell phone use is safe. i think that the public has a right to know that there could be a potential risk. the public generally assumes if one is selling something on the market that we have had assurances that that device is safe. >> to be clear, dr. black's message is at odds with headlines from the largest international study on cell phones in cancer. their conclusion, little or no evidence cell phones are associated with brain tumors. but if you look just one layer deeper into t...

Conservative guy, he says this is a sha raid a. facade about fighting over the debt ceiling, that we have to enact reforms that will make permanent binding change, the white house has signaled listen, let's take care of the debt ceiling and we'll work out that other stuff. does the gop lose its main bargaining tool if they say go ahead and vote on the debt ceiling, then we'll talk about the balanced budget amendment and the other things they're pushing for? >> you're 110 percent right, there's no way the republicans are going to go for anything that's not latched to the concept of structural r...

Days, we're going to run out of the borrowing power to keep coming up with that 40 cents for every buck that uncle sam spends. shannon: five or six days. so why is capitol hill on vacation? congress is -- asking not in session. >> the weather is great, you want to get away from washington for a little bit! no, i think the way to look at this is there's a lot of flexibility in this deadline, and the secretary of the treasury, timothy geithner, in charge of getting the money and also in charge of floating the bonds that constitute the loans that fund the federal government, he said look, maybe i...

Playing kick ball. you wouldn't have picked me last. >> i never would have picked you last. >> first, of course. that would have stunk for you, because it would have meant fewer points. but whatever. wait until you hear our political roundup today. the theme, dance, dance, dance. and we begin with the nation's credit rating. yesterday for the first time ever, economists at s&p cut america's credit outlook to negative. it could be the first step to downgrading the nation's credit rating and that could have a huge impact on u.s. borrowing power. reaction from the white house, oh, just foxtrott...