Page 22 - Spending Increases News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Then. and creditors will be watching every step of the way. creditors like china, that holds more than $1 trillion worth of u.s. treasuries. and japan. over the years, the u.s. has been forced to raise the debt ceiling 74 times since 1962, to pay for tax cuts, foreign wars and other spending increases. in fiscal year 2000, the debt has tripped since. not defaulting on debt would trigger a spike in borrowing rates and the confidence in the u.s. government to honor obligations. a high-stakes game is under way. and the debt clock is ticking. >> the deadline is closing in on bp today, as it tries ...

expected to ask for three arrest warrants in libya. they are said to be for those against crimes against humanity. a source says leader moammar gadhafi will be among those named. those living around the mississippi river, will leave for higher ground, as homes and farmland as residents have been ordered to evacuate. and two additional floodgates have been opened on the morganza spillway. the space shuttle "endeavour" has been cleared for launch today. and weather reports indicate a 70% chance of favorable conditions. "world business today" starts right now. good morning, from c...

Tired of the deals that are made that don't really mean anything. >> when you take a battleship and you stop it and reverse it. when you go from what kind of spending increases and tax increases are we going to have to spending decreases, people have to understand that is the direction the battleship should go in. and speaker boehner helped engineer this reversal of movement and i think we have to understand that -- i hate to sound simplistic, it's a number right now. it's the first step in the first volley in what we expect better be some very, very serious victories for the gop agenda. there...

Challenges before they get out of control. we have to come up with a budget that solves our fiscal problems. if you look at that debt chart, the problem is not that we have too many taxes, it pending. we are going to go after the programs that gives us all those spending increases. >> sean: democrats never passed a budget last year they had control of both houses and democrat in the white house. when we are talking about the debt ceiling for this current fiscal year to run the government through october at some point this is only a two week extension then back to square one. facing another gov...

Challenges before they get out of control. we have to come up with a budget that solves our fiscal problems. if you look at that debt chart, the problem is not that we have too many taxes, it pending. we are going to go after the programs that gives us all those spending increases. >> sean: democrats never passed a budget last year they had control of both houses and democrat in the white house. when we are talking about the debt ceiling for this current fiscal year to run the government through october at some point this is only a two week extension then back to square one. facing another gov...