fix. and would you ask your boss s wife out on a date? especially if your boss is the president of the united states? announcer: from cnn s world headquarters bringing you news and analysis from around the globe, live from studio 7, this is cnn saturday morning with t.j. holmes. let s start with the senate. open for business today. it will be open about three hours from now. they have some work to do. they need to work on a couple of bills. one is a big spending bill that will fund the government through september. a deal is reached that will keep us from having a government shutdown. the government was supposed to run out of money, a one-day extension so they could vote today. looks like crisis averted there. the other issue is payroll tax holiday extension. that could mean an extra $1,000 in your pocket. at least mean you won t lose that $1,000 at the beginning of the year. a compromise keeps it going for another two months. okay. two months is not something that
in so doing, we have been developing an international banking problem. we have been waiting through what it takes to wire money internationally. turns out in order to purchase 70 bucks worth of t-shirts it s going to cost us $35, half that much money just to move that money to germany. that is typically what it costs to do an international money transfer between bank accounts. 30 or 40 bucks. so today when this happened, when there was a massive show of national security fire power in d.c., a suddenly convened press conference to announce a high profile arrest in a case that is a spy movie plot to end all spy movie plots. because we on this show are working out our international banking $35 fee snafu, one part of this complicated fascinating thing made way more sense than it ought to have. on august 1st of this year a 56-year-old iranian american with awesome hair who said he
going to do really well on this long-lost cargo as well. jon: they are happy and your investors are happy as reflected in your stock rise? yes it s a good day for ord oddesey investors. the world economy is playing to our favor. we are getting approached by governments who would like us to employ our high tecology to find and recover these karg goes from the deep ocean. jon: when do you think you can start getting some of this cargo. i was out there last week on the site and we were dealing with ten to 30-foot seas out there last week. probably may will be the earliest we could get back out there where sea conditions will permit us to work. we think it s going to take about 60 to 90 days to recover all this cargo. jon: 60 to 90 days to bring up 200 million bucks worth of silver. if you have a bar for jenna.
bucks worth of spending cuts actually 10-1 sthth. and $1 worth of taxes and all nine of them said no, that is absurd. that s not responsible government. it s fakery. going into this presidential campaign year it makes it harder to conceive of real compromise on the tough issues. what happens iffing nothing is? it will be a riot. there will be hatchet woes on defense and non-defense. coming out of the debt ceiling compromise? it s automatic? yes, because if you can t get it done and you have a great guy like leon panetta running the defense department he ll get in there and do things himself. he s smart, been on the budget committees, he s the sharpest knife in the drawer, leave him alone. don t just come down and cut a great chunk out of the defense and cut a great chunk out of non-defense. people will go crazy if that happens and should and they ll
he went out there and got rid of $6 billion bucks worth of subsidies and grover norquist had the guts to callhat a tax increase, and tom said, one of his great allies, grover would be irrelevant in two years, he can t miss, but he s a good guy with a very bad idea, and he went and gathered up all those signatures when they were strewing roses in the pathways out here. grover comes up sign this. why would anyone sign anything before they heard the debate, before they read the documents, before they did anything? but i ll tell you about grover, if he s more powerful than the president of the united states, when coburn nailed him, he said if you re calling that a tax increase when you take away $6 billion ethanol, that s ludicrous and also deceptive and when we re digging into those tax expenditures and grover and his happy warriors are trying to call that a tax increase, that s a damn lie and he knows it.