big news. potentially good news if you believe all the forced across the board budget cuts known as the sequester are choking the economy. not so good news, though, if you re one of anrmy of americans looking for work who will be losing jobless benefits soon. also not good news if you wanted to see some entitlement cuts. but there has been a bipartisan budget deal hammered out by gop congressman paul ryan and democratic senator patty murray. it touches on all the above. dana bash joins us with what is in it and how it came about and i suppose the big question whether it stands a snowball s chance of actually becoming law. dana, ll us what is in this deal? reporter: well, it is modest but it is a start as you said. anytime we re talking about compromise in washington, is a breath of fresh air, frankly, especially somebody who covers
big news. potentially good news if you believe all the forced across the board budget cuts known as the sequester are choking the economy. not so good news, though, if you re one of an army of americans looking for work who will be losing jobless benefits soon. also not good news if you wanted to see some entitlement cuts. but there has been a bipartisan budget deal hammered out by gop congressman paul ryan and democratic senator patty murray. it touches on all the above. dana bash joins us with what is in it and how it came about and i suppose the big question whether it stands a snowball s chance of actually becoming law. dana, tell us what is in this deal? reporter: well, it is modest but it is a start as you said. anytime we re talking about compromise in washington, is a breath of fresh air, frankly, especially somebody who covers congress and not used to using that word compromise very often. it is two years and sets the budget levels for two years. and what it does is it takes
why? well, a pull back in stimulus packages. of course sequestration, across the board budget cuts. and taxes on the top 1%. and also if you go back to 2008 and that housing crisis, fanny and freddie mac and the government bailout have started to pay the government back. that s reflected in the figure. auto sales. how did they fair last month given the government shutdown. it did have an effect. the back half was quite successful. particularly with trucks. you see one truck ad after another. full 60 seconds, very brand specific. the average transaction price for a full size truck is $39,000. they are more fuel efficient, quite luxurious. and brand advertising. that s important. because it s not just is targeting people purchasing
uncertainty including furloughs. i know this comes on top of the furloughs that many of you already endured this summer. you and your families deserve better than the dysfunction we re seeing in congress. your talents and dedication help keep our military the best in the world. that s why i ll keep working to get congress to reopen our government and get you back to work as soon as possible. finally, i know this shutdown occurs against the background of broader changes, the war in iraq is over. the war in afghanistan will end next year. after more than i an decade of unprecedented operations, we re moving off a war footing. yes, our military will be leaner. and as a nation, we face difficult budget choices going forward. but here s what i want you to know. i m going to keep fighting to get rid of those across the board budget cuts, the sequester, which are hurting our military and our economy. we need a responsible approach that deals with our fiscal challenges and keeps our
changes, and the war in iraq is over and the war in afghanistan will end next year, and we are moving off of war footing, and yes, our military will be leaner, and as a nation we face difficult budget choices going forward, but here is what i want you to know. i will keep fighting to get rid of those across the board budget cuts, the sequester, which are hurting our military and economy. we need a responsible approach that deals with the fiscal challenges and keeps our military and economy strong. i will make sure you stay the greatest military in the world bar none. that s what i am fighting for. that s what you and your families deserve. on behalf of the american people, thank you for your service which keeps us free, and thank you for your sacrifice, which keeps our nation and military the greatest force for freedom the world has ever known. god bless you and your families, and god bless the united states of america.