Detailed text transcripts for TV channel - MSNBC - 20121218:14:08:00
That's the first time the president has budged on the $250,000 figure. in exchange, the white house is offering what it claims is $1.2 trillion in spending cuts. but that's under dispute by the republicans because they include $400 billion cuts to health spending, $200 billion in nonhealth mandatory cuts and $200 billion in discretionary cuts. the plan would save monies by adjusting the way a lot of benefits are dealt with including social security and how it's calculated, the so-called consumer price index. but the white house counts $290 billion of saved interest and republicans who want a o...
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