Page 24 - Budget Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On the budget front alan simpson and erskine bowles have joined with others from both parties pushing for a bigger solution to the nation's budget problems. judd greg is a co-chair on the campaign to fix the debt and joins me now. great to see you. thank you very much. >> thanks. nice to see you again. >> let's talk about some of the proposals that you all have put together. i referred to it earlier and ken conrad the budget chair you know so well was talking about it being a good step forward to move the debate along. we're talking about $1.8 trillion in new revenues. you're talking about bud...

Correspondent chris. thank you very much for being with us. we could use officer deprimo to solve some of the budget problems, christmas spirit and the powerball couple from missouri, amazing couple who one was laid off, the other just finally got a job and now they've got more than $200 million. >> yeah. >> before taxes. >> the cheerful part of the news. >> emphasize that. >> let's move to the other part. >> margaret, for the uncheerful part of the news. >> thank you. >> loot is shadow boxing, but there is an undercurrent of both sides playing chicken and the markets are sitting there and at ...

>> why have the ambassador to the u.n., if she is nobody be on five sunday talk shows and president said she really didn't know much about it? why mr. president would you put somebody out who doesn't have anything to do with it then? that doesn't make sense? >> that is a great question for the president of the united states but not for susan rice. i think she is more than qualified and more than, i've known her for five years. she is bright. she is intelligent and she will do a hell of a job as secretary of state if the president chooses to nominate her. megyn: i do want to leave you with this...

The cook county sheriff's police inherited all law enforcement duties here after budget problems shut down the local police force. today they're searching for one particular gang member. he was last seen waving a gun at women and children on a neighborhood block. >> he was on a bicycle and pulled a gun. he got his crew with him. face to face. i seen him holding a gun. i told him to watch out. the kids are there playing ball. he pointed at them but then when i say something, he pointed at me and took off that way. >> wow. >> so happened i was sitting in the chair and the kids were shooting hoop...

Tracie, good morning. >> reporter: good morning everyone. the party is over now in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the ...