Page 7 - Cylindrical Grinder News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Amphibious assault ships, things like that. >> reporter: these basically are all going to the department of defense. >> they are. >> reporter: but now lisa dante's third-generation business is caught in the washington cross-fire. they're talking about $43 billion in defense cuts. is there any way that that does not affect your business? >> it definitely will affect our business. it's just a matter of how. >> reporter: the orders could take weeks to dry up, but the looming cuts have already hit their employees. >> we are sitting here as dante valve ready to hire people ready to give raises to t...

To hire folks but as it went on it was like "are they really going to make chop sticks?" >> reporter: what seemed absurd- - selling chop sticks to the chinese-- turned out to be the perfect business model. chinese has 45 billion disposable wood chop sticks a year but is running low on lumber. south georgia has poplar and sweet gum tree, ideal for chopsticks and around americus, closed factories left hundreds of people looking for work. what kind of a response did you get? >> oh, they had to stop them from coming. there was like 400 came the first two or three days. >> reporter: for how many jo...

"how's the speech coming" today he sounded like he wasn't quite sure. >> i think it will be okay. i hope so, anyway. >> reporter: white house advisors, though, say they are sure of one thing, that the president will focus like a laser beam on the economy and jobs calling on americans to summon their competitive spirit to win the economic future. >> now we're competing with people all over the world, companies all over the world, and we have the fundamentals to win that competition. >> reporter: to prime the economic pump, the president will call for new spending. he'll call for investments in ...

>> we believe every member of congress should have the opportunity to not only read the bill but spend the month of august visiting with constituents about it. >> not all conservatives are on board. ford did reach a deal with democratic leaders and white house chiefs of staff that lift the brakes they put on committee action. specifics on the deal, first there's overall cost. >> it cuts the cost of the bill significantly by over $100 billion. >> conservative democrats say they trim the price tag to just under 1 a trillion dollars. much of that comes from saving health care subsidies to low inc...