Page 14 - Cap Spending News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The spotlight was on the house and among the 269 members who voted in support of the measure was none other than arizona congresswoman gabrielle giffords who made a surprise return to the floor. this is the first time she visited the floor since january of this year, and as you can imagine she was greeted with a stirring round after applause from both sides of the aisle. now, that incredible moment of unity in the house was preceded by a day of disagreements as republicans and democrats voiced serious concerns over this deal on the right. members for michele bachmann, senator tom coburn have s...

Hoopla about how much was i can cut we the dust settled it was chump change. >> today we are cutting 917 billions in spending. bringing the deficit down by 917 billion dollars. going down 22 billions next year is this as much as i want? no. we offered far more but it does cap spending. >> greta: for how long? >> 10 years. discretionary spending all government agencies, legal statutory caps on it with an across the board cut to kick in if spending goes above that amount. we protect these caps super majority protection to make sure caps stay in place do i want them lower? yeah. for future congre...

Like chump change. >> we had the cbo give us the most recent estimate, we are cutting $917 billion in spending. the deficit goes down $22 billion next year. should as much as i want? no. but it does cap spending. >> for how long? >> 10 years. >> all right. >> it's discretionary spending, all government agencies. we put legal statutory caps on it with a cut to kick in and we have a super majority vote threshold to prevent that cut from happening, meaning we protect the caps with the super majority protection to make sure the caps stay in place. >> meaning the next congress doesn't come along --...

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Hoopla about how much was i can cut we the dust settled it was chump change. >> today we are cutting 917 billions in spending. bringing the deficit down by 917 billion dollars. going down 22 billions next year is this as much as i want? no. we offered far more but it does cap spending. >> greta: for how long? >> 10 years. discretionary spending all government agencies, legal statutory caps on it with an across the board cut to kick in if spending goes above that amount. we protect these caps super majority protection to make sure caps stay in place do i want them lower? yeah. for future congre...