one aide says all options really remain on the table. the question is why are they doing this now? elizabeth mcdonald of fox business network is with us. what exactly is this committee doing several days after this? this is the chairman of the the chairman has put out a statement saying this is irresponsible, others say they want to see the effect off foreign american costs and foreign costs and their households. i ve been looking at the math behind it and it s simple, the $2 trillion error that s&p is being accused of making, what happened was s&p used an annual growth rate and government spending on discretionary programs, very simple, of 5 percent, the government came back to them said no, you should use 2 1/2%, which is going to be the inflation rate over the next ten years, so that blew out the $2 trillion difference. that s because they came back and said we don t trust you re going to keep the caps on spending and the decifit reduction deal.
called low testosterone or low t. come on, stop living in the shadows. you ve got a life to live. [ male announcer ] so don t blame it on aging. talk to your doctor and go to isitlowt.com to find out more. jenna: welcome back, everybody. the electoral college could be a step closer to being a piece of history. this after california joins a growing effort to award the state s 55 electoral votes to the winner of the national popular vote in presidential elections. this talk about what this means and why it s significant. shannon bream is joining us live in washington today. hi, shannon. reporter: hi, jenna. as it stands right now, all but two states direct all of their votes to whichever candidate wins their state s popular vote. but critics have been working for decades to change that. they point out that a candidate has won the presidency without winning the country popular
let me tell you about a very important phone call i made. when i got my medicare card, i realized i needed an aarp. medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn t cover everything. in fact, it only pays up to 80% of your part b expenses. if you re already on or eligible for medicare, call now to find out how an aarp. medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses. not paid by medicare part b. that can save you up to thousands of dollars. these are the only medicare supplement insurance plans. exclusively endorsed by aarp. when you call now, you ll get this free information kit. and guide to understanding medicare, i can keep my own doctor and choose my own hospital. and i don t need a referral to see a specialist.
better way to truly represent what the people of america choose when they head to the polls on election day. jenna, though, it s not without controversy. jenna: not at all. we ll see what happens, shannon. thank you very much. jon: well, right now investors are waiting to hear from the federal reserve. the central bank is meeting to consider a course of action factoring the recent nose dye on wall street nose dive on wall street yesterday. but they are running out of options. here s fed chief ben bernanke last month on capitol hill discussing the use of some measures that remain untested. we have a number of ways in which we could act to ease financial conditions further. of course, our experience with these policies remains relatively limited, and employing them would entail potential riskings and costs. jon: the managing partner of chatwell investment management. a lot of people have speculated the fed is out of bullets when it comes to fixing this economy. is it? well, i think
mileage that you re proposing in the proposal that you re proposing, but it s so counter to the way, to the temperament of barack obama and the way he s governed. put it in their faces? what has barack obama done that in the course of 2 1/2 years? you might argue he should start doing that and they are started to contemplate. the fork in the road, put forth a jobs package with a chance of passing or put forward someone we know won t pass but can score political points with? the second of the options is one basically closer to yours, which is to say, we re going to put this forward. republicans can stonewall, they won t pass it but we ll gain by wage as fight. all i can say is, i said it a second ago, contrary to the way barack obama governed over his entire first term so far. and there are people that michael smerconish, not full mooners who will see the necessary tiff voting for jobs