Page 36 - Plan Doesn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

you're looking at live picture from the united nations. where all eyes right now are on this year's general assembly. president obama and the first lady, michele bachmann, expected to arrive in new york only minutes from now. at issue for the united states and much of the world this week, a showdown over the middle east. the palestinian authority president vowing to submit a formal application for statehood to the united nation's security council. it could have serious implications for the u.s. relationships with iz real and the arab world. much more on this part of the story coming ...

evening here in the nation's capital. just to underline the peril facing the united states economy, and the american people, democratic officials familiar with the president's speech expect him to say the country right now is, quote, in imminent threat of default. with only about one week left for democrats and republicans to agree on a deal to raise the debt ceiling. in a speech earlier today, the president alluded to the bitter political grid lock between both sides. >> are we a nation that asks only the middle class and the poor to bear the burden? after they've seen their jobs di...

live on capitol hill correspondent. you've been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what's in the latest plan. >> i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he's saying as afghanistan and iraq wrap up, there's about a trillion dolla...

and travelers squashed by major airlines. >> but first, to the desperate race against the clock to secure what president obama is calling america's national credit card. the country could face unprecedented default if congress is unable to agree on a deal to raise the nation's debt ceiling. failure to do so could downgrade america's debt rating and could be extremely damaging for global economy purposes. let's get all the angles. we've just learned the president will be addressing the nation later to. kate baldwin is up on capitol hill. first to you. what's the very latest, the think...

Medicare turns into a voucher and then gives $1 trillion in tax breaks to the wealthiest americans is any form of coercion at all. it's just a choice to take money away from middle-class seniors and give it to the wealthy. look, medicare has worked in this country for 50 years. the idea that now we need to get rid of it and replace it and send people off to the private sector, that's a big mistake. one other thing about the ryan budget, my friend dick armey had the courage to touch defense spending. paul ryan's plan doesn't even touch defense spending. it's a series of hard right choices to pu...