Page 4 - Debt Proposal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That's a scrooge christmas. >> we although about a scrooge christmas over here. house majority whip kevin mccarthy is out with his own campaign style video featuring a small business owner who will see his taxes spike if the obama plan passes. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. our company has figured out how to survive in this economy and how to be successful in this economy. the first thing we'll want to do with any income that i have is tax it? that's uncertainty. >> kristen welker is at the white h...

Latest updates on this topic from reliable sources.

Have today is not workable but short-term the people will not admit we're bankrupt or on the verge of a major major change in our society. but they will destroy the dollar were reinforced to change our system of financing. it could be big. not quite as bad as the soviet system but changes are to come. true bankruptcy means we cannot maintain the empire around the rolled and entitlements $220 trillion so we need to face reality. don't expect solutions to come on january 1st. they will have a dr. debt proposal but ultimately we

Preparing for what happens if the august 2nd deadline comes and goes with no deal for the country to borrow more money. welcome to "america live" everyone. i'm alisyn camerota in for megyn kelly. just last night house leaders pulled the plug on a vote for john boehner's debt proposal. right now a revamped bill is making its way around congress with the possibility of a vote sometime this afternoon. president obama is now pushing for a deal, warning the u.s. is almost out of time. he also had this to say about speaker boehner's plan. >> right now the house of representatives is still trying to ...

Going to get up over that just on interest payments alone. so doesn't that in and of itself mean that it is time to do some structural underpinning that might be benefited by a shorter term deal that allows us to get through this hump and revisit very soon? >> with well, senator reid's plan and outside economists have said this would get us through to 2013, and that's the criteria the president's looking for. he's open to compromise. we've already gone halfway or more than halfway to the republicans in congress. we don't want the uncertainty hanging over the economy, hanging over american busi...