Page 26 - Spending Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Small deal. democrats are upset that there's no unemployment insurance in it. republicans are upset because it raises fees which are really taxes but ultimately we all get to avoid a government shutdown and i think that's good for the country. >> and jared bernstein, john mccain sees adjustments in the sequester level of spending that he wanted to see. >> it's important to tack on to this if you're trying to understand where john mccain is coming from because of the way sequestration was constructed. defense was going to take a $20 billion reduction in its spending cap in 2014. that's somethin...

Clayton? >> government is targeting your children. smile may be -- priceless: nice to see you. >> nice to see you. good morning. >> what kind of impact is this going to have on consumers? >> this may mean that he they're spending more out-of-pocket on things like braces and eye wear for their kids. $2,500 cap on flexible spending accounts. preobamacare there was no cap on these accounts. some companies would cap at a thousand dollars a year now they are cutting that in half. >> break this down flexible spending accounts. you put money in ahead of time because you know you might need to cap thi...

People are on fixed incomes and the republicans seem to want to do that. we want to find ways to close some of these loopholes and they don't want to do that. that's so far away. >> you agree on the out come and you want to buy down the sequester and this idea of raising the spending cap a little bit instead of it going down to 967 and perhaps getting up to 990. it seems like they are out there. you have this airline fee or tax. is that something that is pretty much agreed to by both sides? >> i wouldn't say it's agreed to. that's on the table. we are not going to agree to anything until every...

Her thoughts. what was your initial reaction to the cap change? >> first of all, i find it appalling that the dod wants to spend $8 million on a uniform change when right now we're facing serious budget cuts, troop personnel cuts. we couldn't even pay the death benefits during the shutdown. it seems we have misplaced priorities to make a gender neutral cover or a hat for all marines, when 95% of the entire marine corps is male. that's just ridiculous. >> sure. it seems the commander in chief may have misinterpreted spending cap. what's your take specifically on having a gender neutral cap and ...

S. >> these are house and senate budget leaders. they had some breakfast this morning. take a listen to what they talked about before. >> the details of this budget, i think it puts us in a position where we maybe will accomplish something good. i hope so. affirmative process will be helped. >> how can you ensure that? some of you were on that community. is there an all-around message we are aiming for? >> let me ask in terms of the committee. the super committee's goals were broader and larger. we had a challenge that had a reconciliation between the senate and house budget and the issues on ...