Page 2 - Reid Proposal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

word. >> the truth is that the president wanted a blank check six months ago and he wants a blank check today. this is just not going to happen. >> as makeshift memorials spring up across norway, police and the public are searching for answers to friday's deadly attacks. the lawyer and suspect, anders breivik, the lawyer said his client is in insane. the suspect's father, who doesn't want to be identified, agrees. >> translator: no, i'll never have more contact with him in my darkest moments i think rather than killing all those people, he should have taken his own life. >> those are...

Highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which afte...

Over ten years. that's $66 billion more than the original plan. the new bill is expected to save $22 billion in the year 2012. cbo also reviewed senate majority leader harry reid's proposal saying it would result in greater deficit reduction than boehner's competing plan. the reid proposal would extend the debt ceiling for a longer period of time than boehner's, which calls for a two-step process. something the white house has said it will not accept. an aide for the speaker responded to all this news saying, this report, the cbo report, shows the senate plan for what it is, a grab-bag of gimm...

Over ten years. that's $66 billion more than the original plan. the new bill is expected to save $22 billion in the year 2012. cbo also reviewed senate majority leader harry reid's proposal saying it would result in greater deficit reduction than boehner's competing plan. the reid proposal would extend the debt ceiling for a longer period of time than boehner's, which calls for a two-step process. something the white house has said it will not accept. an aide for the speaker responded to all this news saying, this report, the cbo report, shows the senate plan for what it is, a grab-bag of gimm...

Progressives who are extremely upset that this president has begun to talk about major cuts in social security, cuts in medicare, and hundreds of billions of dollars of cuts in -- >> but the reid plan, the progressive voices in this country are being heard by the white house, and also by the senate. does this have a chance of passing? >> ed, yes and no. you are right, the big three are not in the reid proposal. but you know what is in the reid proposal? a commission made up of 12 people, 6 democrats, 6 republicans. and within that commission, what could happen, what could happen is social secu...