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Increasing that debt by about a trillion dollars a year. >> one of the things i talked to secretary lew about was the question of the sequester. as the government begins to run out of money at the end of september, he says the congress should find a way out of the sequester which would be another $100 billion in spending cuts over fiscal 2014 beginning next october. but he said that republicans and he could have mentioned you because i know this is something you feel about, are trying to steal from domestic problems to bail out the pentagon. the non-partisan congressional budget office made an...

Increasing that debt by about a trillion dollars a year. >> one of the things i talked to secretary lew about was the question of the sequester. as the government begins to run out of money at the end of september, he says the congress should find a way out of the sequester which would be another $100 billion in spending cuts over fiscal 2014 beginning next october. but he said that republicans and he could have mentioned you because i know this is something you feel about, are trying to steal from domestic problems to bail out the pentagon. the non-partisan congressional budget office made an...

Sequester spending cuts. that's a be pro. with the real problem, the $165 tax increase which is now starting to bite. and i'm getting quite fearful that growth in the second quarter is going to be a lot slower. and a lot of good democrats who work for wall street banks agree with me. that they're very concerned that growth is going to be a lot slower. this may be the best we get for a while. that bothers me. >> go ahead. >> i was going to make a comment. did i some number crunching and i think you may have recreated a graft that i put together earlier. it gets to this issue that we're talking ...

Thank you. >> gregg: i want to tell you about the fox news alert on the faa cutbacks that snarled air traffic across the country. the agency releasing this statement moments ago saying that it is suspending all employee furloughs. molly henneberg joins us live from washington with more on this. hi, molly. >> hi, gregg. and air travelers will be very relieved to hear that. congressman bill tuesday at the, the chairman of the house transportation and infrastructure committee, says the obama administration allowed these flight delays to happen so that air travelers would get fed up with the $85 b...

>> greg: some encouraging news for the nation's economy. the commerce department recording the gdp grew at an annual rate of 2.5% from january through march. the gdp is the value of all goods and services within a country. that number, lower than forecasters predicted but it is a big improvement over the previous three months when it grew by just .4%. quick look at the dow jones industrials. the stocks are up today. mostly flat on the session, up about 30 points. the fox business network's' peter barnes is here to break down the numbers. explain what made the gdp rebound? >> well, greg, a surp...