Debt Reduction Proposal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

explained his plan today. >> we have to prioritize. both parties agree that we need to reduce the deficit by the same amount, $4 trillion. so what choices are we going to make to reach that goal? either we ask the wealthiest americans to pay their fair share in taxes railroor ask seno pay more for medicare. we can't afford to do both. either we gut education and medical research or we've got to reform the tax code so that the most profitable corporations have to give up tax loophole that's other companies don't get. we can't afford to do both. this is not class warfare. it's math. >>...

from the summer break. president obama has actively been meeting with some to create a plan. the question is how specific will it be and will it help? white house officials tell us it's a work in progress, and will include tax cuts and infrastructure ideas that could create jobs, and measures that target unemployed, and struggling economic sectors. they say the president is working on a debt reduction proposal and will present the so-called super committee, and as you know it's the 12 lawmakers tasked with cutting trillions from the federal deficit. their plan is due at the end of no...

Subsidies for the country's top five oil companies failed to get the necessary six votes to proceed and aspected, the final tally 52 in favor and 48 against. democrats say they will try again in their debt reduction proposal. stay tuned to see a side of a big storyry

End 21 billion dollars in subsidies for the country's top five oil companies failed to get the necessary six votes to proceed and aspected, the final tally 52 in favor and 48 against. democrats say they will try again in their debt reduction proposal. stay tuned to see a side of a big story we brought to you monday. host: could switching to geico really save you 15%

Tend to allow you a little, you know, leeway when the weather is like this. i've also jettisoned the suit coat, but i am wearing pant, so i've got to going. [laughter] jon: that's good to know. steve brown live in chicago. thanks, steve. >> reporter: not shorts. jenna: there's the money be, right? back to washington now where president obama is praising a debt reduction proposal put forward by the bipartisan senate gang of six. the plan would cut washington's debt by $3.7 trillion over ten years. the question, of course, we ask now is what's actually in that plan? fox business network's peter ...