Page 17 - Spending Reduction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We have both sides still, the republicans say they are not raising taxes, temporarily,. >> reporter: it will not include the mail air surtax that president obama wanted. jenna: how will they do it. >> reporter: i talked to a lot of senate republicans who are very high on this deal. take some of the ideas to cut spending that were in the supercommittee that didn't get approved, take some of those cuts, and pay for the payroll tax cut with that spending reduction. jenna: it will be interesting to see if the president would be open to that. it seems sometimes the simplest solution is one that no ...

whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, secure their retirement. >> that speech was a clear rebuke of republicans especially the tea party, and music to the ears of democrats who too often find their president too timid. >> their philosophy is simple, we are better off when everybody's left to fend for themselves and play by their own rules. i am here to say, they are wrong. >> our chief white house correspondent jessica yellin is here to up his game today. clearly framing the campaign. why today? >> r...

We know that the two both the debt crisis and the unemployment crisis are related. and so that is something that congress would have to debate. i mean the good news, if, if there is no agreement, the nation is still going to end up with what republicans said and that is there will still be a dollar of spending reduction for every dollar increase in the debt ceiling. now, it is going to be 1.2 trillion, perhaps the dumb way as opposed to 1.5 the smart way but the bigger tragedy is we have an unsustainable debt that is threatening our national security, it is threatening our jobs. frankly, it is...

now, actually pretty good since where it started pretty much in the 100 level, stocks are negative even though one of the big three credit agencies affirmed the u.s. government's aaa rating today, calling its credit worthiness exceptional. that's a sharp contrast to this month's downgrade by standard & poor's. we told you this this was going to happen yesterday. it did. protesters make san francisco's rush hour commute a mess. bay area rapid transit shut all four downtown b.a.r.t. stations last night to protesters angry over shootings involving b.a.r.t. police officers. b.a.r.t. bl...

>> and now it's time to talk about jobs. >> all right. let talk about jobs. here's one, neil bowlen's job with the faa new on furlough. >> i have a hard time understanding their partisan bickering and rhetoric. we're reaching into our investments, savings, signed up for unemployment, and that's barely going to make the electric bill, much less the water and mortgage, so, yeah, we're incredibly disappointed. >> he says congress could have prevented his ordeal with just a day's work. here's why they failed to. it's a little complex but worth knowing. since 2007 the faa has been running...