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Spending. automatic spending cuts. >> that are built into the law now. >> yes, he's thrilled to have obama care rolling in. this now pretty much takes off the table any new spending programs over the rest of his term. what he loves to do is create new spending programs. i think that's the letch raj for republicans ultimately to make him make an offer to them on resolving these issues. >> okay, kip, let's talk about the republicans. where are they? publicly or a common front? there's no question about that. and they're holding firm. but behind the scenes, there are some disagreements. why don't...

Spending.ti automatic spending cuts. >> built into the law now. >> yeah, and he's thrilled to he have obama care rolling in, but this now pretty much takes off the table any new spending pe programs over the rest of his term. as we know, what he loves to do is create new spending programs. i think that's the leverage for republicans, ultimate lay, to an make him make an offer to them on resolving these issues. >> okay, kim, let's talk about the republicans? where are they? there are some publicly and they have a common front, no questioq about that, and they're holdingi firm, but behind the sc...

John boehner ahead of the debate. >> the house our goal is to cut spending, not to shut down the government. that's why we are going to cr this week and we would hope that the senate would take this bill up and move it quickly. the president on friday agreed that there is no reason to get into some debate about shutting down the government. it's just not a smart thing to do. >> reporter: they are having debate at this hour on the house floor. we expect if all things go as scheduled to have a vote in the next two to two and a half hours or so, and then it will be onto the senate, jenna. jenna: ...

Number. now put it in context. we're not spending much money. retail sales negligible growth. the jobless rate is rising. the overall economy is contracting. confidence at a new low level. taxes have gone up and as of this morning, the price of gasoline has gone up to 362 for regular. that is the highest price ever for a gallon of regular gas in the month of february. you add it up together and focus on the true state of our economy a lot of people are getting very nervous. martha: stuart, the president laid out to a great extent what his solution is to turning the economy around the other nig...