A look at the days latest news and headlines. The president has watched this process play out. He wants to see it come to an end as he stated many times. We look forward to that happening. Bill there are so many headlines going back and forth today. We have been here many times before. You get to the end of the day and you ask yourself what changed . Has something changed today fundamentally or not . No, not a lot. We heard the president say this stuff a lot. We know that the president vents on twitter. But he is the president of the United States. He was today talking about a subordinate the Attorney General of the United States. The more the president tweets sound like a directive, the crazier everybody gets. Thats why the trump team said no, he is just venting. He has the First Amendment right to do it. He didnt say sessions has to do this. The closer it sounds like the
coming up next . You get to the end of the day and nothing changed. Byron the fact he moved some of these cases to
every dollar traded on wall street. that would generate 370 trillion dollars. bill: give me a chance to get in here. give me a chance here. i don t know where you got the 47 trillion dollars figure. i have not seen that before. you saw the study yesterday: 32 trillion dollars for free medicare over 10 years. do you know where you get that money? you only get it from raising taxes. i know you have worked hard climbing the ladder at different jobs. when the businesses are taxed, they take it out on the employoees or pass it on to consumers. you can t get around that. you worked hard and want to keep a job? of course. that s what i have been doing. i talk about being a working
you busy all season? there is animals everywhere. north america, top to bottom. peter: can aidry yep give us a big wave. brian: she ll be back tomorrow. gretchen: see you then. bill: you know what that is, martha? martha: what? bill: that s a bear market, folks. claim by an economist who says the national debt which stands just shy of 17 trillion isn t even close to what the government and you the taxpayer really owe. oh joy. martha: fantastic. bill: i m bill hemmer. welcome to america s newsroom. martha: and i m fine. i m martha maccallum. good morning, everybody. the gentleman who came with this is james hamilton. he is a economics professor at university of california at san diego. and he claims that the true national debt is more like 70 trillion dollars. and that the government has been low balling us for years according to him by keeping
both of those things happen, we re likely to return to recession. you know, dave, we hear these huge numbers, the sheer size of it makes it unrelatable on a personal level. can you tell us how the deficit affects your average joe and each individual s wall et. deficits represent deferred tax increases unless there s a change of course. there s no free lunch. and the problem is not today s deficits and debt. the debt about $15.7 trillion. it s the huge unfunded obligations associated with medicare and other things that in total when you add everything up, 70 trillion dollars growing by 10 million a minute. okay. if you look at this as a triage situation, which do we first have to deal with, budget deficit or unemployment?
bailing them out and that s what history is going to show. the fact they allowed 70 trillion dollars of weird stuff at aig on a billion dollar capital base doesn t make totally blew it. brenda: thanks, guys. and thanks gemu for joining us of the militia steele out. ryan priebus in as chairman and why some say he ll steer the g.o.p. to a big victory. [ male announcer ] to the 5:00 a. scholar.