Joshi Fox News Today : Breaking News, Live Updates & Top Stories | Vimarsana

the deficit is the amount of money we spend over the amount of money that we take in. it's a big problem, as you know. the republicans are proposing cutting spending on social programs, including a restructural of medicare as well as dropping tax rates while closing tax loopholes. this is a sharp contrast to the president's budget plan. one of the ways the white house wants to cut the deficit is by increasing taxes on the wealthy to help make up the difference, that gap we've been talking about. this republican proposal doesn't stand much of a chance in passion the house or the senat...

it's all "happening now." jenna: republicans unveiling their proposal for the country's budget for the coming here. the goal of course is to slash the deficit. the deficit is the amount of money we spend over the amount of money that we take in. it's a big problem, as you know. the republicans are proposing cutting spending on social programs, including a restructural of medicare as well as dropping tax rates while closing tax loopholes. this is a sharp contrast to the president's budget plan. one of the ways the white house wants to cut the deficit is by increasing taxes on the weal...

defeat from the jaws of victory. this surprise announcement throwing everyone to a shock. they want to put it to popular vote, only second one since 1974 to the people, to the masses whether or not they should accept this bailout. right now the idea is that perhaps they will because the euro is very popular. the notion that the greek people would all of sudden become really hard workers and not be bailed out, nevertheless this is serious monkey wrench and has reverberations throughout europe. european stocks are getting hammered, particularly the banks, feels like in some respects we...

we're go glad you are with us on this very busy monday morning. hi, everybody i'm jenna lee? i'm jon scott. "happening now" a new explosion at a japanese nuclear power plant raises fears of an all out meltdown. the fallout from that could reach across the pacific affectth west coast of the u.s. more powerful after shocks rocked japan today. a thousand bodies wash ashore on the devastated northeast coast of the country. raising the death toll officially now lis listed as tad 9.0 and the tsunami that hit just half wards. the details get worse by the day. >> reporter: absolutely. it's c...