Michael Carusso News Today : Breaking News, Live Updates & Top Stories | Vimarsana

President clinton, this country created 22 million jobs and raised incomes and had the largest surplus in our history. >> reporter: not everyone is convinced and republicans are wasting no time firing back. >> taxing small businesses the way he is planning on doing it, 750 will be impacted. 20 million small business workers would be impacted. that's not the way to increase jobs. that's not the way to firm up the economy. that creates more uncertainty. >> reporter: it appears the battle over extenting the bush tax cut versus allowing some or all of them to expire is now headed to capitol hill. ...

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That is the 17th drop in credit in the past 18 months. stocks were up today. the dow gained 46-1/3. the s&p 500 added 7. the nasdaq ended the day 20 ahead. when it comes to debt and spending, the president's call for more stimulus spending today. appear to be somewhat at odds with what his secretary of state was saying here in washington. correspondent james rosen has that story. >> reporter: aides to secretary of state clinton had billed her appearance in washington counsel on foreign relations as a major speech, one in which she would herald the united states leadership and hailed the obama ...

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Republicans say the new business tax cut the president wants would be paid for in part by raising business taxes in other areas. the white house sees it as closing tax loopholes. austan goolsbee says cutting the deficit would be impact if the bush administration tax cut for the wealthy live on. bret? >> bret: wendell goler live on the north lawn. thank you. letting even some of the bush era tax cuts expire in a tough economic situation may add revenue to the government coffers, but at what cost? correspondent shannon bream talked to some small business owners. >> the question is do we have $70...