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

the volcano spewing out lava and molten rock, that's become a hit with tourists. and how one 12—year—old is turning used crisp packets into hundreds of survival blankets for homeless people. hello and welcome. there were tears ofjoy amongst democrats in the us senate as a landmark bill to tackle climate change was finally passed. after more than a year of intense wrangling, the sweeping reforms are being seen as a major victory for president biden. republicans had tried to derail the legislation, worth $430 billion overall — claiming it would undermine economic growth. the infl...

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Primary is a national story. now, obviously the state of the union is a national story. let me introduce to you rich, greg and linda. what their take away fromst was from last night. we were talking, rich, about economics and what president biden had to say about inflation and the way to get costs under control. >> well, he has to get costs under control by cutting down on will spending. and, you can't get out of inflation by keep raising rates the way they are doing. this is four years of the worst inflation that we have ever seen here. >> will: you were telling me earlier it's economics 101....

Market react in a negative way and how swiftly is the fallout on the overall u.s. economy. for example, we're getting reports from around the country that, number one, retailers have lowered their forecast on what the christmas shopping season is going to look like. we're hearing that one of our reporters who is out at a mall today said there was a survey that bank rate that one out of three consumers they tabd have said fiscal cliff concerns are forcing them to cat back on who will spending. it's the market reaction to going over the cliff on january 1 as to whether or not we're talking about...

Compromise. >> preposterous proposition. and david, this is how you drag the company down. look at europe. not much in reducing will spending. it is like expecting drackula to seize fire. they're the worst words in the english upon language. be careful when we talk about who there is a tax increase on. it is on the highest levels of income . by the way. i know this is not going to solve our problem. but you have to give a little to get a little. if you are looking for cuts across the board, you have to be willing to give a little. emac how do they work in the past? >> last time we saw a great ...