this guy is the house budget chairman. it will set part of the agenda and be central in some of the pivotal fights, the cr and the debt ceiling coming up. so i think it s important that we understand it. because it s budget season we invite you back tomorrow to discuss the democratic budget coming from the senate. please wear your budget hat next time, america wants to see it. the papal conclave is now under way. cardinals have officially begun the process of selecting the next pope. we are monitoring the chimney and we ll bring you the latest on any new developments. but first, combatting a public health crisis or big government overreach? the sweet and down low on new york s proposed soda ban next. w. you can part a crowd, without saying a word. if you have yet to master the quiet sneeze. you stash tissues like a squirrel stashes nuts. well muddlers, muddle no more. try zyrtec®. it gives you powerful allergy relief.
where are the spending cuts here? that s what the republicans and more conservative democrats are asking. the sequester was all about spending cuts. the republicans didn t like the type of spending cuts that were in there. there was a compromise made for $24 billion in immediate spending cuts split evenly between defense and nondefense programs, but the big fight over spending cuts is going to come in the budget season, which is nearly upon us. and when that debt ceiling vote hits again, probably in february or march. so, this discussion is by no means over, but we were facing a hard deadline of midnight last night. we had to get this bill done, and we re very close to doing it. the president made concess n concessions to republicans, even though as you pointed out, republicans didn t have a lot of leverage. in about two months, we run out of ways, as you point out, to avoid the debt limit, and that gives republicans potentially a lot of leverage. seeing what the president got out
business that it has in front of it. the biggest problem is the crisis of confidence because right now you ve got the default. you ve got congress delaying action on a bill that could help the postal service. both of those things are happening right when large mailers, banks, utilities, a large of large mailers are in the middle of their budget season. so they are looking ahead to next year. they are seeing the uncertainty about the postal service and its viability pile up. the result of that is unfortunately they are going to did i investigator still more mail out of system. what we have to do is get a fix in place so that confidence can be regained that the postal service is going to be here and serve the american public in the way it always has. so that we don t lose a whole lot of additional mail and
chad myers has been following this for us. also live in atlanta. and chad, rafael says there was another tremor. what are you seeing? i am actually seeing that tremor on one of the size mo seismograms in southern california. the shaking was felt by the needle ps .thnee needles. these are the minutes as we go across. about one minute of shake. then right here, a secondary shake, chp wwhich would have bee after shock. maybe 5.5, although it hasn t been posted. there will be i know we push this to the back burn err little bit and said there s not a lot of damage. that is true. there s not a lot of damage in big cities. but let me tell you, a 7.6 and in mexico is saying 6.6. not that it s a different earthquake. it s a different scale. all of the countries have a different scale. that s where we think it is, doesn t mean it s not a 7.6. it just means on our scale it s a 6.6, on the u.s. scale it s a 6.6. so for us knowing our earthquake, it s still a 7.6. and that shaking
the economy starting to add jobs again, as stimulus dries up. is more spending the answer? no, absolutely not. i mean, i think the reason why we re finally seeing some positive job growth is we don t have the stimulus, so, the government needs to sort of get out of the way and let corporations do what they do best. and that s make money and create jobs and plus, brenda, they don t even have the money for another stimulus. look at in five years, our debt has gone from 5 trillion to 10 trillion and how can you be talking about a stimulus and think about short-term. so far this year, since the budget season started, we have spent 1.5 trillion, and took in 869 billion. oh, my gosh, we re spending twice the amount that we re taking in, how can they even be thinking about talking about more stimulus and we don t need it. i think it d be a huge mistake and do nothing, but help the job market. gary b. what do you think? brenda, i just go back to the basic facts and the real