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Transcripts For CNN CNN Newsroom Live 20240903

Recovered the bodies of six hostages In Gaza over the weekend. Whilst we have the first poll numbers following the Democratic National Convention what they say and where the candidates will be in the days ahead. And Pope Francis is getting ready to leave for asia. Details of his itinerary during the longest trip with his pants live from atlanta. This is cnn newsroom with Rosemarie Church thanks for joining. Us. A nationwide strike is now underway in israel as pressure mounts on the government to secure a Ceasefire And Hostage deal, Air Travelers were among the first to feel the impact as Ben Gurion Airport near Tel Aviv halted departures and arrivals of flights two hours ago the strike comes as Anger And Anguish build over the deaths of six hostages In Gaza. On sunday, this was the message from israels largest Labor Union i call on the people of israel to take to The Streets this evening tomorrow, leave the workplaces. I call on all economic organizations in the state of israel, everyo

The House Budget Reconciliation Bill: Making a Bad Budget Even Worse

Is There a Clinton Crunch?: How the 1993 Budget Plan Affected theEconomy

The Reconciliation Bill: Expanding Tax Hikes, Disappearing Spending Cuts

President Bill Clinton is asking Congress to enact the largest tax increase ever imposed upon any country in history. The White House claims that this tax increase is needed to reduce the budget deficit. Yet the Administration's own projections show that adoption of the Clinton budget actually will increase the deficit, up from $3 10 billion this year to $431 billion by 2003. The White House claims that higher taxes will stimulate eco- nomic growth and job creation. Yet the Administration is unable to point to any country, at any point in history, that has ever taxed its way to prosperity. Of all the President's claims, however, the most remarkable is the assertion that the budget package is a fair and balanced approach to deficit reduction. The White House maintains that the package is evenly divided be- tween spending cuts and revenue increases. This is a breathtaking claim, given the hard numbers in the package passed by the House.

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