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Coming under pressure amid questions about the feds commitment to keeping borrowing costs low and the spigot open. Economic tests, key reads on jobs, inflation and housing and on the corporate front, really Important Quarterly results from dow component walmart. Its thursday, february 21st, 2013 and squawk box begins right now. Morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Stocks selling off late yesterday after the release of the fomc minutes. The s p and the nasdaq turned in their worst sess sessions of 2013 on the heavie...

72 million of current revenue. And in the next slide well show you exactly what sources that 72 million comes from. Baseline contributions, that is, we have to pay 9. 5 million to get to our base lines. Department of operations, if you take all of the revenue, gains and losses, all the expenditures, deficits and surpluses, we end up with a net of almost 19 million short. The pending supplementals, both approved and pending before the board of supervisors amount to 6. 4 million to the general fund. And then the use of the general re serve of 32. 2 million. We are assuming you will need to use a...

To get to our base lines. Department of operations, if you take all of the revenue, gains and losses, all the expenditures, deficits and surpluses, we end up with a net of almost 19 million short. The pending supplementals, both approved and pending before the board of supervisors amount to 6. 4 million to the general fund. And then the use of the general re serve of 32. 2 million. We are assuming you will need to use all of that reserve in order to balance the budget. And then the deposits to reserves, because of our increases to revenue, amount to 11 million. So, that brings us to a projecte...

Have the authority and responsibility to hold any additional spending until there is such policy from the mayor and the board of supervisors. Emergency management will likely be able to close their doctor this deficit with holding positions vacant and some of their operating expenses. So, taken together, all these net shortfall departments represent a shortage of about 51. 3 million. And then the bottom half of that table identifies the surplus department. And, so, the Human Services agency has seen a significant reduction in their expenses in the current year. And then beyond that, they will ...

Welcome to americas news hq life or my nations capitol today. I am gillian turner. Leland great to be with you, gillian and u. S. Home. I am leland vittert. A fox news alert Senate Majority leader Mitch Mcconnell has promised a 1 00 a. M. Vote to put an end to this government shut down. A boat no guarantee that it will pass. A stalemate has left a lot of uncertainty about when it will reopen. There is a chance this thing get done before 9 00 on monday morning when folks come to work and if not it could go several days because they look at the state of the union during the shutdown. Leland a lo...