Page 6 - Peter Orzag News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Received to general mcchrystal and his inner circle. michael, take care of yourself, congratulations on this scoop, and good luck. >> thank you. >> in the midst of all of the other huge news going on right now, good news to announce you're leaving peter orzag, well done. it's also another primary election night tonight. and there are a number of races worth noting, including an african-american republican running for congress in south carolina against the son of strom thurmond. we'll have the results in just a moment. also some upbeat news on the bp oil disaster in the gulf as reported, of c...

Today's top stories. we're getting our first look at the oil spewing 5,000 feet below the surface in the gulf of mexico. this comes as crews start to position its second containment dome this morning in hopes of capping that blown out well. workers are hoping to avoid the icy buildup that ruined their first attempt with the much larger box they tried a few days ago. new york's attorney general is reportedly investigating eight banks to determine if they provided misleading data on mortgage securities. according to the report, ratings agencies overstated the quality of those securities after ...

Asked white house budget director peter orszag why the president shouldn't be terrified of the budget-busting deficit. >> we face a very severe economic downturn and that expands the deficit and it requires dramatic action. so you'll see lots of big numbers that might seem scary, but that's what it reflects. there are other big numbers that are also scary, like the unemployment rate, and we're trying to combat that. then out over time, and again without mentioning any numbers, we need to bring the deficit down so that we are not burdening future generations, but we need to do so in a way that ...

>> if moussai said i want to plead guilty in front of a military tribunal, they would have said okay. >> cheney would have driven him himself. >> he would have brought the brinks truck over. if that's all they have, the bush administration tried people in civilian court -- >> we have a whole other discussion on whether or not it should be held in new york city. we'll get to that a little bit later. >> it's all for show. >> jonathan capehart, thank you. >> go get something real done. >> and you can't be a leftist, because you won a pulitzer prize. >> bye. and savannah guthrie coming up. and w...

Unemployment was 7.5% in this country. your ood mind station and yoadmn congress told us we would have to borrow to pay for a so-called stimulus bill. a piece meal list of projects and boutique tax cuts, all of which we were told had to be passed, or unemployment would go to 8%. as your administration said. well, unemployment is 10% now as you well know, mr. president. >> well, okay. joining us from the white house, director of the white house of management and budget, peter orszag. here to reveal the president -- >> this is exciting. >> very exciting. >> being released this morning. the budge...