Page 5 - Spending Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Our spending problem and the lack of economic growth in our country. >> there we have it. house speaker john boehner just moments ago talking about fixing the nation's spending problems. there are new reports that john boehner has privately told republicans he won't let the nation go into default even if it means relying on democratic votes to strike a deal. only congress has the power to raise the debt ceiling and they have just a matter of days to make that happen. so if the u.s. does go into default, the consequences could be far worse than any government shutdown, they could be catastrophi...

That doesn't mean there isn't going to be some criticism back and forth but the president needs to join with us, build a process, be bipartisan in this effort and get it done and we've got to stay after it. we've got the debt ceiling coming up again. it comes up in may. obviously they have some time to work with there. but we've got to address this issue for the american people. >> are you willing to raise the debt ceiling if you knew the process is going to move forward even if it doesn't have a cut for every dollar that it's going up? >> there has to be a solution in place to our deficit and...

Everyone's attention. and going toe to toe with president obama, nice to see you. >> thanks, greta. >> you served with the president in the illinois government. >> we were in the illinois senate for years. >> and today it's reported you gave him a hard time that congress fears he's leading our nation to the same financial bankruptcy as illinois has. >> yes, look, when house republicans and i think most of the country, greta, hear the president's articulated view of the economy, they hear the same rhetoric that led illinois to be a financial basket case. chase revenues, the revenues underperfor...

Around the government continuing to be funded. but there's the issue of those deep spending cuts that kicked in late last week. and the president, according to a top adviser over the weekend, spent the time working the phones, talking to both republicans and democrats, talking to democrats specifically about making progress on entitlement reform. but also trying to sway republicans. take a listen. >> republicans who realize that, if we have that type of entitlement reform, they'd be willing to have tax reform that raises revenues to lower the deficit. >> the issue here is spending. spendsing i...

Couple of tax expenditures and to say, well, we ought to use that to get rid of the sequester, well, every american knows washington has a spending problem. every american in these tough economic times has to find a way to balance their budget. they have got to make choices. they expect washington to live within its means and make choices as well. we know we have a structural deficit. the president has run up $5 trillion worth of debt in the last five years. we have another $1 trillion budget deficit this year. it's time for the president and senate democrats to get serious about the long-term...