Deficit Reduction Debate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Economically. we have a middle class, which is in significant decline, while the wealthiest people are doing phenomenally well. who should pick up the burden for deficit reduction? working people who have seen their wages go down or the top 2% who have done phenomenally well, while their effective tax rate, as mitt romney reminded us by not releasing his tax returns, is extremely low. so to my mind, what this deficit reduction debate is about is asking the wealthiest people, the large corporations to help us with deficit reduction and give a break for a change to the middle class and working f...

a quick handshake, good luck, as you would say, be strong. it's a very important night, a consequential night for the country. let's show you that live picture inside the haul. eight republicans for president engaging in this debate. in recent days, a crackling debate about the 2012 presidential campaign. not only, and you'll hear it all night long, taking aim at president obama and his agenda, but we have playing out a fierce and an increasingly intense battle for the leadership, the heart and soul, the policy agenda and the philosophical approach of the republican party. watch thes...

and in part because of the president's travels to the midwest and in part because of the new energy that texas governor rick perry is adding to the republican race. wednesday governor perry visited new hampshire, and while it's clear he's the flavor of the moment in presidential politics, the more he speaks, the more people, including many republicans, ask this question -- by so aggressively appealing to the republican base, is governor perry undermining his appeal as a general election candidate? this comment in new hampshire questioning man's role in global warming is new fodder to...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling america's national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nation's debt ceiling. failure to do so could downgrade america's debt rating and could be extremely damaging for global economy purposes. let's get all the angles. we've just learned the president will be addressing the nation later to. kate baldwin is up on capitol hill. first to you. what's the very latest, the think...

For us at the white house. and with a good sunday morning to you, athena, i know the last few weeks have been consumed with bin laden news, but this all brings us back to a reminder of the major debt battle ahead. >> reporter: certainly. this is an ongoing debate. and that language we just heard from newt gingrich is not the kind of language the white house really wants to hear. it's not surprising to see him wade into this whole debate over the debt ceiling and deficit reduction. but you know, there's this sense in the republican party it seems that there's this breathing room now that the tr...