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moment. she has her own ideas on how to reign in spending as america's debt is exploding. let's just say she's not signing on to what the president put out today. welcome, everybody. i'm neil cavuto. we have a busy show for you right now, this is "your world." let's go to peter doocy in philadelphia where the president outlined his plans that he says are fair to average americans. and in a way, stick to it the rich. peter? >> and neil, president biden is back of the napkin math reads like, this cut the deficit $3 trillion by raising taxes on the wealthy and on corporations by about 4...

Including its influence in the region and ballistic missile program. the threat posed by violent groups is a generational problems. local partners on the ground in iraq and syria have made significant gains in recapturing areas once held by isil including operations directed at moseel. they continue to recruit new members. in the long term successful military action against isil and other violent extremist groups must be complimented by the international community to address the circumstances that led to the rise of such groups echoing some of my colleagues mentioned with respect to national s...

Security, medicare spending, all of these programs wchl don't have to slash the budget in the next two years. what kind of signal does that send? what does that mean for the u.s. dollar, for interest rates, for our borrowing in the future? what does that mean? >> the benefits could be myriad. the stock market could go up. interest rates could stay low or go lower. the dollar could strengthen. it's a sign to the world they with are finally going to take on these problems and south them. >> these generational problems. >> right. >> we're not talking slashing and burning. >> the more serious that...