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Concerned in the '70 hes. i thought it would lead to ending spending and debt and that's where we are. i think we have to take this very seriously. >> do you think you can knock a trillion dollars off the top? do you think you can do it within year one or two years? how long do you think it would take you to say, wait a minute? because right now we borrow 40 cents of every dollar. we stay in 2.2 and pend 3.7. it's unsustainable. how quickly do you think you can knock off $1 trillion in spending? >> my program says in one year but you have to be willing do it obviously and you have to think tha...

europeans and the americans might have to have more central bank intervention into the markets and also said that there have been policy decisions in europe and the united states that have been poor, and then on top of that, that was enough. that was already bad, brooke. then we got some economic reports right here in the united states. slowdown in housing, slowdown in manufacturing, and, you know, not a great report about new jobless claims. basically it all piled on. people ran out of stocks and back into -- into, you know, safer investments, but, really, it all started in europe. ...

already for so many people. so it's unbelievable. we just don't know. we're at a point where there is a lot of concern because it is so uncertain. and people are following it, they're talking about it. >> and they'll be doing that for the next two hours. hope fly we'll have something by the beginning of next week. live from studio 7, want to get you up to speed for this friday, july 29th. we're will thalmost out of time. those words from president obama. the deadline for raising the country's debt limit now just four days away. and congress and the white house still gridlocked over...

the president left the city. ja jacob zuma held talks. more than 100 military officers including 100 army generals defected to the opposition. and russia, importing vegetables including crucumbers. more than 1,000 deaths. the outbreak originated in organic cucumbers from spain. those are the headlines. i'm zain verge any london. "world business today" starts now. -- captions by vitac -- www.vitac.com good morning from london. >> here are our headlines, this tuesday, may the 31st. >> more crying foul overshadowing fifa's one-man presidential race. economic growth in india slow...

Couple weeks ago with the continued resolution toss keep the government going. if you think about it, greta, all this was done in the open light of an open government day. imagine what would have happened if we had burned that to either a shutdown government or a debt ceiling brink issue. none of that occurred. that might be part of the equation the s&p is looking at. but they are saying forget about what happens if your government ever closes. look at the havoc it's created while they are open for business. we spend too much and don't address the entitlement issues and we've been kicking the ...