Page 3 - Shuttle System News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> now, the plan does not address the debt ceiling. you see the debt clock there. it ticks down to august 2nd. that's when the u.s. could start defaulting on some of its bills. it could be a jumping-off point for a bigger deal. here are some of the highlights of the plan according to cnn senate forces, it shaves about $4 trillion off the debt load. rejiggers the tax load, cuts short-term spending by about $500 billion. it changes the entire budgeting process and it reforms social security. now, this plan is not to be confused with something you heard about yet, cut, cap and balance. ...

Billion over five years creating 2500 additional jobs. that was a major concern in florida and texas and elsewhere. and they are going to move up their timetable to deciding what next step is in terms of a heavy lift rocket to take americans on manned missions to outerspace, decide in 2015 on that specific rocket that will take us deeper into space, tamron. so a number of moving parts here. very interesting, the white house changing course slightly, no more manned space flights. the american government from nasa after the shuttle system is retired in short order. >> msnbc's mike viqueira, than...

Reaction is i thought we won the space race against the russians. there's going to be a summit, what do we expect to happen? >> reporter: the president expected to drop by the kennedy space center and lay out the obama vision. thousands of jobs are on the line. at issue is whether the nation that's been a leader in space exploration since the '60s is going to be in the game in a significant way while the russians and chinese gear up. but here's the bottom line, a soy yesterday launch is the only way for us to get to space. u.s. tax dollars going to the russians so that our astronauts can go to...

Us. i guess the russians understand the law of supply and demand. >> reporter: yeah, this is simple economics, jane. if you're an airline and you have the only plane going to a destination, you can pretty much charge whatever you want. the russians have doubled the price to $51 million per astronaut because we're retiring the shuttle system later this year. the russians will soon have the only system capable of delivering astronauts to the international space station. we don't have anything to replace the shuttle, and with the cancellation of the constellation program, we don't even have anyth...