Spending Reduction Bill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Washington actually can cut spending. and because of this law, that's just what we've done. for the first time since the korean war, for the first time since the korean war, government spending has declined for two years in a row. the first time in 50 years. and we're not going back on this agreement. there's a lot more we need to do to get our nation's fiscal house in order. hopefully once we've gotten past the drama of the moment, we can get to work on it. but for now, let's not understate the importance of the budget control act or the importance of the fight to preserve it. this legislatio...

Washington actually can cut spending and because of this law, that is just what we've done. for the first time since the korean war, for the first time since the korean war, government spending has declined for two years. in a row. the first time in 50 years. and we're not going back. on this agreement. there's a lot more we need to do to get our nation's fiscal house in order. hopefully once we have gotten past the drama of the moment we can get to work on it, but for now let's not understate the importance of the budget control act or the importance of the fight to preserve it did this legis...

They need to cut. let's see if they can pass a proposal that cuts $2.5 trillion. he was basically daring them. he doesn't think that they can come up with a spending reduction bill even on their own that meets the standard they're trying to set. >> chris alissa, what was your take-away? the president clearly came out putting it on the republicans and all weekend they were telling us, you know, we're not going to go for the 14th amendment. we're not going to go for any of these cop-outs, and forget about that platinum coin. you had the unusual step on saturday afternoon of the federal reserve e...