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>> stocks were up slightly today. dow gained 13-1/3. s&p 500 finished up 4-1/2. nasdaq up 10-2/3. this is a fox news alert. looking live on capitol hill, the house floor. voting has just begun on the bill to keep governments funded, called the continuing resolution. fox business network correspondent peter barnes is here with us for an update. good evening, peter. the house is looking at cutting the spending in the overall bill. >> that's right. this bill would focus on specifically the third of the budget, discretionary spending, $1.1 trillion. under the budget rules, continuing resolution ...

When the young workers are old enough to get the pay off they've been paying into all their working lives. or, you may be older than the current retirement age to get social security. there's talk in congress of making americans wait until age 70 to get full social security benefits. likely doesn't have to worry about that if you're among those who in the next 10 or 20 years are expecting benefits. but for anyone born in the 1960's and after, get ready to wait longer because washington hasn't followed the budget rules that you and i face, it's spent much more than it has, especially recently. ...

That would raise a trillion dollars over ten years and reduce the deficits. but there is speculation that depending on how bumpy this economy recovery is the president may decide to extend all of the bush tax cuts even for upper easterners. >> you could you make a very good case that the tax cut should h-b extended given the uncertainty of the economy and given the fact that we've seen this soft patch as it's called developed. we are still on the nice edge, you just would not want to have that kind of tax increase in these economic circumstances. >> reporter: the problem for the president, jen...

>> there is paygo. for discretionary programs, there are spending caps. let's look at paygo first. >> i have long been an advocate for paygo. if someone is going to propose a tax cut, they have to pay for it. if someone is going to propose an increase in mandatory spending, they have to find a way to pay for it. >> our fiscal challenge is too great to be solved with any one step alone. last week, i signed into law the pay-go bill. it says that the united states should pay as we go and live within our means, as responsible americans do. >> this is a weak version. a strong pay-go would not exemp...

As well as to gretchen and brian, of course, some congressional aides say it isn't health care itself that's causing hiccup in this bill, it's education. republicans have found a problem with the federal takeover of the student loan program being included in the bill. republicans say that violates budget rules and it has to be sent back to the house to be fixed. aides say it's essentially technical language but there's a potential problem with funding as it concerns to pell grants. a senior senate g.o.p. aide describes it like this. basically democrats tried to improve their score and claim im...