Page 12 - Christopher Han News Today : Breaking News, Live Updates & Top Stories | Vimarsana

tipping point but i got to tell you if you have 395,000 people filing for unemployment claims in a week, that's not good news, they also revised last week's numbers. we've been at this level about 17, 18 weeks. does not bode well for employment. bill: they revised last week's number? because that was greater than 400,000. it went to what, gerri? >> i don't have that number off the top of my head. bill: gotcha. often times they revise the numbers they're worse off than initially, what is -- which is a great point to make. what is expected today, another day of dramamine? >> another da...

>> it's still a tough road. four hundred thousand is a tipping point but i got to tell you if you have 395,000 people filing for unemployment claims in a week, that's not good news, they also revised last week's numbers. we've been at this level about 17, 18 weeks. does not bode well for employment. bill: they revised last week's number? because that was greater than 400,000. it went to what, gerri? >> i don't have that number off the top of my head. bill: gotcha. often times they revise the numbers they're worse off than initially, what is -- which is a great point to make. what is ...

charlie rangel coming out and saying they need to get back to work. more and more folks seem to be saying this doesn't look good, at a minimum, for them to be on vacation while the economy's bleeding and the dow is hemorrhaging and we're getting credit downgrades. >> reporter: sure. and, megyn, you're right. there are more and more calls for action and for congress to come back and do something. the problem is you need a plan fist. you need a blueprint of what they're actually going to get done because as we saw in the last three weeks before they left for recess, before this debt ce...

charlie rangel coming out and saying they need to get back to work. more and more folks seem to be saying this doesn't look good, at a minimum, for them to be on vacation while the economy's bleeding and the dow is hemorrhaging and we're getting credit downgrades. >> reporter: sure. and, megyn, you're right. there are more and more calls for action and for congress to come back and do something. the problem is you need a plan fist. you need a blueprint of what they're actually going to get done because as we saw in the last three weeks before they left for recess, before this debt ce...

republicans calling for deeper spending cuts, you know that, the president calling for a deal by july 22nd, that is one week from tomorrow. now, congress needs time to pass it before the august 2nd deadline on the calendar. that's when the administration argues we will start defaulting on some of our bills, and the stakes get even higher now, america's top credit rating receiving a major downgrade. stuart varney, fox business network, with that this morning. there's a new warning out just today. what is that all about? good morning. >> it's on our desk before breakfast with a thud. t...