rebuilding to get prepared for that. how did our military become so weakened? there is a perception on capitol hill from the more hawkish republicans that during the prior administration the basic infrastructure at the pentagon, of the 7 $16 billion, $617 billion, the vast majority are going to the pentagon s baseline budget, pay raise for the troops, $69 billion goes toward the war fighting fund. jillian: let s talk about the importance of that pay raise for troops? it is essential. the last pay raise within 2010, 3.4%. since 2010, the pay raises of
when they close the books on the 2014 holiday season, are we expecting a green christmas or a blue christmas for retailers? you know, ayman. i don t have a crystal ball. if theest malls are true, we could be bracing for a green christmas. the national retail federation estimates that holiday spending will be about $617 billion. that s a large amount of money. if it comes to fruition that would be about 4% more than the same holiday spending last year. it would be the highest spending growth since 2011. so chalk it up. people feeling more secure in their jobs. maybe feeling the effect of lower fuel prices. gasoline prices, whatever it may be. people are starting to spend a little bit more money. the forecast say that. we ll have to wait until the holiday forecast ends before we get the tallies. right now it could be a green christmas and not so much a blue
business news now. and cyber monday. the holiday sales numbers are in and it seems like a lot of shoppers may already be a little bit swiped out in advance of the full swing holiday season. steve sedgwick joins from us london with more on that. good morning. yeah, very good day. really interesting looking at this. you and i have discussed how the national retail federation said this is the year when the consumer is back in the states. the figures they told us to recap was 4% increase they think we re going to get in holiday season sales into december. to $617 billion. what we had was a damp squibb. the figures weren t great for the first weekend of the holiday says. for instance, 11% drop to $50.9 billion spending in stores and online, down from $57 billion the same time last year. people per customer were spending $381 dollars over the four-day period, as opposed to $407 a year earlier.
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with continental. it may cost you more now the next time you decide to buy a new car. auto dealers say new fuel standards just finalized by the obama administration, will force changes that make car prices soar by $3,000. president obama hailing the new standards which will require that cars average 54.5 miles per gallon that is by 2025. this is something california definitely doesn t want to be first in. a brand-new study finding state has the highest debt in the entire country. the nonpartisan state budget solutions group says california has $617 billion in total debt. neond with $300 billion, followed by texas, with 286 billion. the study factored in budget gap, future spending, unfunded public pension liabilities and other spending obligations. those are your headlines. coming up on fox & friends, one city trying to ban yet another beverage. officials say they are deceiving consumers and we have all the details for you. and from reality stars to