Results for: spending cuts Search Results
Family Filter:
2:10
BY CHRISTINA HARTMAN ANCHOR: CHANCE SEALES You're watching multisource politics news analysis from Newsy For House Speaker John Boehner - it was a classic case of “Be careful what you wish for.” (CBS) “It's not very often that the Obama administration finds itself on the same side as Tea Party Republicans when it comes to spending.” As GOP leaders call for more and more spending cuts - Tea Party and liberal lawmakers made strange bedfellows in the House Wednesday when they voted to kill the F-35 Second Engine Program. (VIDEO FROM KXAS) That’s Capitol Hill talk for duplicate fighter jet engines -- ones the Defense Department itself said it didn’t want. The press is suggesting - it was a Tea Party revolt. KNSD: “A win for President Obama and an embarrassment for House Speaker John Boehner.” WBAL: “Many freshman Republicans, a lot of them backed by The Tea Party proved they will vote against their own leader to keep their promise to cut spending.” But as Politico’s David Rogers writes - the freshman class of Republicans might have voted against the speaker - but it’s too soon to be making assumptions. “[This freshman class] is too big, too diverse to be easily typecast. The same new Arkansas Republicans who opposed the new engine were willing to stand up against an amendment that would have decimated the Legal Services Corp.” In keeping with House tradition - Speaker Boehner didn’t vote on the amendment - but safe to say he didn’t want the program slashed. WBAL: “The second engine is made in Indiana and Ohio, John Boehner country. The Republican Speaker backed the engine.” As Dallas-Forth Worth’s KXAS reports - lawmakers are fighting in a race to slash a bloated budget - and no expense is above the cut line. “Congress has been going through the current year spending plan line by, line, with Republicans hoping to cut the president’s 2011 budget by $100 billion. ... Elsewhere though, the Pentagon is nervous. No longer a sacred cow in the budget debate.” Lawmakers have proposed hundreds of amendments this week. The Washington Post says the vote shows how unpredictably the cuts will fall. “In trying to pass a bill that would fund the federal government through September, Boehner has kept a campaign promise to give everyone a voice in the process. But the engine vote showed that no one can quite predict how it will turn out.” The government is currently operating on a temporary spending measure that expires in early March. Despite Democratic criticism he’s holding up the government - Speaker Boehner is insisting on more cuts before any short-term extensions can be approved. Follow Newsy_Videos on Twitter Transcript by Newsy.
19 Feb 2011
498
Share Video

2:08
BY: ALLIE SPILLYARDS ANCHOR: JENNY MECKLES You're watching multisource political video news analysis from Newsy. Everyone on Capitol Hill has been gearing up for what’s seemed inevitable... a government shutdown. Now - Republicans are offering a plan to keep things rolling... at least, temporarily. CNN’s radio correspondent Lisa Desjardins explains. “Both sides want to cut spending but they’re both trying to avoid a shutdown because they’re not exactly sure who would be blamed. Democrats seem to think Republicans would take the blame, but there’s pressure on both sides to for now avoid a shutdown. So that leads to some hope.” According to The Atlantic, the 2-week stopgap proposal, a bill that temporarily eases budget debates by merging cuts with those approved by President Obama, is a strategic move by Republicans. “Three senior House GOP aides said the strategy is designed to avert a government shutdown and limit the ability of Senate Democrats and the White House to portray Republicans as unreasonable or inflexible.” And although they can’t agree on where to cut, neither side wants to be branded as too stubborn to govern. A writer for Slate says both parties have something to lose. “The White House wants Senate Democrats to make a deal. It cannot have a government shutdown while the economic recovery is still so fragile. Republicans, meanwhile, don't want a shutdown because they can't risk having their first big public act be that they shut down the government.” Fox News reports all of this fear and maneuvering is unwarranted. “A government shutdown is a phrase that sort of sends chills up people’s spines but in fact it was very common. Jimmy Carter every year of his presidency, an average of an 11 day government shutdown. Six times during the two terms of Ronald Reagan. A government shutdown doesn’t really mean everything shuts down.” And even though the storm has calmed for now, NBC’s First Read political blog reminds us- this is just the beginning. “If an agreement can be reached for a short term fix, a much larger fight remains on a longer-term bill that would fund government operations through September. The long term bill that House Republicans passed last week contained $60-billion in spending cuts. Senate Democrats called it dead on arrival.” Former House Speaker Newt Gingrich oversaw the last government shutdown in 1995. He argues in The Washington Post the shutdown produced short-term pain, but it actually paved the way for a better long-term budget deal. 'Like Newsy' on Facebook for updates throughout the day. Get more multisource political video news analysis from Newsy. Transcript by Newsy.
1 Mar 2011
1731
Share Video

2:20
BY ALYSSA CARTEE You're watching multisource world news analysis from Newsy A protest involving up to half a million people in central London turned violent and resulted in more than 30 minor injuries and the arrests of around 200 people. The Trade Union Congress, or TUC, organized the march in protest of deep public spending cuts. After what was reported as a “mostly peaceful march,” a break away group began busting in to high end stores and attacking police with light bulbs filled with ammonia. (Video: ITN) One writer for The Daily Mail says the breakaway group hurt the cause with its violence. “Yesterday I saw a decent, respectable TUC march hijacked by thugs, vandals and a clueless pack of self-righteous protesters. … They do if, like the TUC protesters, they’re dignified and well controlled. The thugs I saw were shooting themselves in the foot in a mad, counter-productive, wicked way.” But one writer for The Nation says, the violent protesters are just a product of class warfare. “It’s easy for us old veterans to heap scorn on the few hundred anarchist punks ... whose appetite for mixing it up with the police threatens to hijack the headlines, and the airtime, earned by the hundreds of thousands of peaceful protesters. But when the political system seems sclerotic and unresponsive dissent will find other avenues.” “A handful of protesters getting a bit out of hand. The rest of the protest as best we can tell, was not as unruly.” (Video: CNN) “That was a peaceful demonstration against government spending cuts.” (Video: BBC) Some believe U.S. coverage of the protests didn’t accurately portray the violence that occurred. A writer for Pajamas Media’s Tatler blog suggests Americans should pay particular attention to the London protest. “CNN has given powderpuff coverage to the violence. ‘The march was largely peaceful apart from isolated skirmishes between protesters and police, authorities said,’ they falsely report. … Americans should take careful note of events, for the London mob has American cousins who share similar attitudes about budget cuts.” And another writer for The Daily Mail adds- even BBC’s coverage was biased. “As usual, they didn’t even know they were doing it, but the BBC took sides on the TUC protest, even before it had begun. The Corporation and the TUC instinctively recognise each other as allies. Both depend on public money. This helps to explain the Corporation’s spasm of blatant partiality this weekend.” BBC reports clean-up after the incident could cost “tens of thousands” of pounds. 'Like' Newsy on Facebook for updates in your news fee Get more multisource video news analysis from Newsy Transcript by Newsy
5 Apr 2011
477
Share Video

0:37
Explaining the causes of the financial crisis, which led to the global recession. For further information visit Spending Cuts Review.
1 Sep 2011
218
Share Video

2:50
British Prime Minister David Cameron says he wants to put the power back into the hands of the people with a plan he says will “turn government completely on its head.”
23 Jul 2010
387
Share Video

2:11
BY CHRISTINA HARTMAN ANCHOR CHANCE SEALES You're watching multisource business video news analysis from Newsy. In Congress - is it seventh time’s the charm? The Senate passed another stopgap funding measure Thursday. It keeps the government operating until early April. That means the deeply-divided House and Senate have three MORE weeks to hammer out a budget compromise. (Video: Bloomberg) Did we say they have three weeks? Make that two - as the Atlanta Journal-Constitution’s Jaime Dupree points out - Congress is off for the next ten days. And when lawmakers get back - it ain’t gonna be pretty. Or fast. “As both parties left town, they pointed the finger at each other in this budget fight. … While the Senate voted on competing budget plans, it wasn't a real debate, as neither party was allowed to offer amendments and try to find ways to cut certain items... Have a good break Congress.” Six months into the 2011 fiscal year -- six temporary funding resolutions - and still no 2011 budget. To that - Gerri Willis of Fox Business isn’t shy about her impatience. “And as much as I love a good ol' fight on Capitol Hill, Congress needs to get its act together and pass a real budget, not a one week extension or a two-week extension like they have been doing. There are only six months left in the government's fiscal year. Could you find common ground on spending, soon?” And by most accounts the battle’s just getting started. As CNN’s Briana Keilar reports - though both sides were able to squeeze out $6 billion in savings - Democrats and Republicans are still worlds apart in the fight over what to cut. “As you know, House Republicans have been pushing about $60 billion in cuts. But there’s another issue. You have conservative Republicans who want policy provisions, things that would defund health care reform, defund Planned Parenthood, for instance, and Democrats don't like that, nor do they like a lot of the cuts. You have the White House talking to Republicans, talking to Democrats, but right now no compromise, and they’re not close.” Still - Congressional Quarterly senses some optimism -- at least among House and Senate leadership. “[Senate Majority Leader Harry] Reid, in particular, seemed to pivot Wednesday from an earlier confrontational posture. … [And House Speaker John] Boehner reiterated that he would take the necessary steps to avoid a government shutdown.” Still - more conservative Republicans in both the House and Senate are vowing to stick it out until they get a budget that prevents funding to implement President Obama’s health care law. 'Like Newsy' on Facebook for more daily updates. Get more multisource business video news analysis from Newsy. Transcript by Newsy.
19 Mar 2011
390
Share Video

3:06
BY CHRISTINA HARTMAN You're watching multisource politics news analysis from Newsy. It’s the first major GOP hat in the 2012 ring. TIM PAWLENTY: “This country was founded on freedom. We the people of the United States will take back our government. ... That’s why today I’m announcing the formation of an exploratory committee to run for president of the United States.” In a sign of tech-savvy times - former Minnesota Governor Tim Pawlenty made the announcement on Facebook. Users had to “like” the page there to view the video. “...there is a brighter future for America. We know what we need to do: Grow jobs, limit government spending, and tackle entitlements.” And while it sounds like a formal pitch - this doesn’t necessarily mean he’s running -- just that he’s exploring a run. But The Washington Post’s Chris Cilizza tells MSNBC - he’s reading the tea leaves. “It's a legal definition, a campaign finance definition, he can raise money for a potential bid, while he sees if he's going to run or not. Look, he's going to run for president. I think there will be an announcement some time later this spring. It's this is a step, candidates have done this because they get two bites of the apple. We talk about it today and we talk about it when he formally announces.” Bloomberg’s Al Hunt points out - six months ago - Pawlenty was considered a dark horse candidate without much of a shot. Now - he says - that’s changed. “He is more than that dark horse right now. If you talk to Democrats, he is one of the two or three most likely nominees in their view. I’m not sure that’s right - there’s still a lot of challenges. Can he raise the money? He does not have name recognition. He is a guy with an impressive record as the governor of Minnesota. He is a true conservative without being strident.” But to former Bush speechwriter David Frum - Pawlenty’s less the “true” conservative and more the “generic” one. “...the sole remainder after every constituency in the GOP has exercised its veto: the tax people, the life people, the gun people, the defense people, the anti-Obamacare people, etc. etc. etc. ... Pawlenty’s current strategy might more aptly be compared to that of … Walter Mondale: the party’s least objectionable man...” The Washington Post’s Jon Cohen suggests, Pawlenty’s biggest challenge will be name recognition - pointing out a recent Washington Post/ABC News poll which found six in ten respondents said “don’t know” when asked their opinion of the former governor. “Among GOP men who expressed an opinion, Pawlenty runs about 4 to 1 favorable, but among women, there’s a narrow six-point gap between the percentages expressing favorable and unfavorable views (19 to 13 percent, with 67 undecided).” Christian Broadcasting Networks’ David Brody predicts - Pawlenty’ll make an especially strong pitch to evangelicals. But - Brody tells C-Span - he’ll have competition. “He is already making a major play. Everyone who says that the 2012 race has not officially gotten under way, it has gotten underway, no doubt about it. It’s just semantics. He is playing to the evangelical audience and Newt Gingrich will play to the evangelical audience. ... The other person I would add if he decides to run would be Mike Huckabee.” GOP contenders have been comparatively slow to announce during this election cycle. But the Minneapolis Star Tribune’s Jeremy Herb predicts rivals will soon be following suit. Transcript by Newsy.
26 Mar 2011
464
Share Video

2:04
BY ALANA YOUNG ANCHOR JENNY MECKLES You're watching multisource politics news analysis from Newsy Government shutdown. You might have heard these two words a lot lately on the evening news -- but what does it actually mean? After months of negotiations - six temporary funding measures - and a shutdown looming again, lawmakers have been quick to start - and continue - the blame-game. REP. PAUL RYAN (R-WI), CBN: “Up here in Washington, we have no partners to negotiate with. The other side of the aisle is just choosing to walk away from this fight.” REP. CHRIS VAN HOLLEN (D-MD), CNN: “What you have right now is the Tea Party wing of the Republican Party in the House saying, it’s our way or a shutdown.” REP. TIM GRIFFIN (R-AR), FOX NEWS: “You see a bill that came out of the House, you see nothing from these guys. It’s a charade. They’re acting like they’re in good faith..." REP. KAREN BASS (D-CA), MSNBC:... “...will the Republican leadership act in a responsible manner and fund the government until the end of the year? …. we need to stop the silliness frankly.” But the public isn’t buying into the finger-pointing, and a recent Pew poll shows people are divided on whether the Republicans - at 39 percent - or the Obama administration - at 36 percent -- will be at fault for a government shutdown. If the shutdown does happen, it wouldn’t be the first time. The federal government shut down on four other occasions in history -- most recently a 21-day shutdown in December of 1995. But what would happen this time? CNN: “If it happens this time around, it's U.S. troops we're talking about, including those fighting in Iraq, in Afghanistan, who could see their paychecks interrupted. Tax returns could be stalled if you haven’t filed yet. And for federal workers, during the two government shutdowns in the 1990s, hundreds of thousands of them were sent home. That's what this all means.” In 2008, the non-partisan Congressional Research Service outlined the effects government shutdowns have on the economy. But in an interview on MSNBC, correspondent Dan Stone says a shutdown is not as bad as it sounds. DAN STONE: “...A good way to put it is about half of the government shuts down. One of the key differences here, is that OMB is going to make the determinations about what is essential and what's not... The social security checks will still be going out, but the people who answer the calls from people who have questions about their social security checks will probably not be considered essential, at least for the week or two of a shutdown that's looming here. ... What isn't going to operate right now it looks like anything related to tourism is going to be taking a hit here. We're talking about museums, parks, national monuments, Visa and passport applications." And Fox News contributor Andrea Tantaros agrees - shutdown affects with be minimal -- and says, “Bring on the shutdown." ANDREA TANTAROS: “I don't think a lot happens. I mean, we talked about this. Unless you want to go to a national park, not a lot is gonna happen. People will continue to get their checks. The post office is self funded so you will still go to the post office. Nothing major. It might take a short hit on consumer confidence. You look back, what happened during the Clinton shutdown. Not a lot.” But a writer for PBS says people are forgetting - there are slight differences between 1995 and now -- namely several federal organizations that weren’t around before -- like the Department of Homeland Security and the Transportation Security Administration. A House rule requires legislation be made public 3-days before a vote. That means Congress has until Wednesday afternoon to find a budget solution before the current resolution expires midnight Friday. Follow Newsy_Videos on Twitter. Get more multisource video news analysis from Newsy. Transcript by Newsy.
9 Apr 2011
558
Share Video

2:12
BY CHRISTINE SLUSSER ANCHOR AUSTIN KIM You're watching multisource business news analysis from Newsy. The U.S. dollar is hovering at a three-week low against the Japanese yen and a three-year low against other currencies. Bloomberg interviewed Citigroup’s senior currency strategist--who dishes out the deal with the dollar. GREG ANDERSON: “The dollar weakens steadily because we have a deficit of flows coming in to this country relative to what goes out in our trade deficit and speculators try to anticipate that and they’re constantly shorting the dollar and from what we saw, they actually reduced their dollar shorts this week, which means that we’re not really in an overshoot.” TOM KEENE: “We’re not overextended, we’re not in an overshoot.” GREG ANDERSON: “Yup, not yet.” ...but an MSNBC interviewee wasn’t as positive, and says the likelihood of things getting worse is very real. “The dollar is not only much weaker, but it stands a pretty decent chance of getting much weaker from where we are.” Blogger and Urban Institute Senior Resident Fellow Howard Gleckman says the real issue is the U.S.’ nearly topped-out debt ceiling. He even says any politician opposed to raising the debt ceiling should be... impeached. “Well it has to be raised, the deal is if we don’t raise the debt ceiling, we can’t borrow anymore money. And Congress has just passed a budget resolution for the rest of this year that requires us to borrow a trillion and a half dollars. It’s totally irresponsible for a politician who voted for that bill or a politician who opposed it because it cut spending too much to now turn around and say we’re not gonna increase the debt limit.” (Video Source: Fox Business) ...and the question on every motorist’s mind... will the low clams spike gas prices even higher? Cleveland’s CBS-affiliate WOIO interviewed Shell oil’s former president who says--yes. John Hofmeister: “Our national deficit contributes to the weakness of the dollar, and we buy oil in dollars. And so as the dollar depresses, the number of dollars Americans pay for that crude oil goes up, because it's coming in, not from the U.S., it's coming in from foreign countries.” Finally, a blogger for In the Money Stocks ponders when the low buck will rear its ugly head on Wall Street. “We can only wonder when the falling dollar will become problematic for the stock market. It has already become problematic for people around the world as inflation is skyrocketing.” 'Like' Newsy on Facebook for updates in your news feed. Get more multisource video news analysis from Newsy. Transcript by Newsy
26 Apr 2011
368
Share Video

2:37
BY ALANA YOUNG ANCHOR JIM FLINK You're watching multisource politics video news analysis from Newsy. Vice-President Joe Biden led a round of bipartisan budget talks in Washington Monday with leading Republicans. If Congress does not increase the debt limit by May 16, the Treasury says it will take measures into its own hands to keep servicing Americas debt without default. Biden and others say meeting went well, but Fox New’s Russell Pearlman says compromise will be difficult to achieve. The ideological differences are just too vast. RUSSELL PEARLMAN: “They’re serious that they want to cut the debt, but they’re not so serious that they’re willing to do it before the 2012 election. It’s somewhat unfortunate. At least the issue seems to be a legitimate point of negotiation. Which it hasn’t been essentially been for forever, since we’ve essentially had a debt. So that’s at least a good step. But, not addressing Medicare and Medicaid and social security, and any sort of tax reform when you wanna cut the deficit is kinda like deciding you want to go on a diet but you’re not going to change what you eat for lunch or dinner.” Pressures continue to mount for leaders to find an agreement after recent backlash over house republican Paul Ryan’s budget plan. The Washington Post reports House majority leader Eric Cantor felt the heat from President Obama’s criticisms on proposed Medicare and Medicaid changes. “On the eve of debt-reduction talks... Cantor (Va.) said Republicans remain convinced that reining in federal retirement programs is the key to stabilizing the nation’s finances over the long term. But he said Republicans recognize they may need to look elsewhere to achieve consensus after President Obama ‘excoriated us’ for a proposal to privatize Medicare.” Not to mention, a key Republican platform---the repeal of the Affordable Care Act--isn’t going anywhere in the Senate. Michigan Rep. Dave Camp tells the Huffington Post it’s time to move on: “Is the repeal dead? I don’t think the Senate is going to do it, so I guess, yes...I think we have to see where this [health care] lawsuit that is working its way through the courts goes. ... I'd rather have the committee working with the Senate and the president, focusing on savings and reforms that can be signed into law. I don’t think we can afford to wait. I think we needed to make progress now.” Although Republicans may have lost on one key front -- a writer for The New York Times says the Democrats aren’t out of the line of fire just yet -- 2012 is around the corner. “Many Democrats were cheered by the evidence of Republicans’ disarray on Medicare... But Democrats have tensions, too. Many, sensing a political opening going into the 2012 elections, suspect that President Obama and Mr. Biden, in their zeal for a deal, will compromise too much on Medicare and Social Security.” If the limit is not raised by August 2, the country would be forced to stop borrowing altogether and default on its debt. The next scheduled meeting is set for May 10. Follow Newsy on Twitter Newsy_Videos for updates in your stream. Get more multisource politics video news analysis from Newsy. Transcript by Newsy.
7 May 2011
960
Share Video

1:51
Here's a very simple way to send a shockwave through the banking industry and boardrooms of the mega corporations: If everyone ( or MOST people ) stopped buying Coca-Cola they would go bust, sending a clear message that WE can decide to break THEM if we want to and WHEN we want to. Spread the message andstop drinking that garbage ; it only dissolves your teeth!
18 Jun 2011
131
Share Video

3:48
July 7, 2011(3:47) Casey Anthony Sentenced; Obama to Cut Social Security; Obama Stops Texas Execution; Hugh Grant on UK Tabloid Phone Hacking; Caylee's Law Goes Viral
8 Jul 2011
404
Share Video