scale, such an approach would close the deficit only with more be severe cuts to programs we all care about. the solution to this crisis is not complicated. if you re spending more money than you re taking in, you need to spend less of it. there s no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. bill: we ve been talking about this issue for months, and we are down to that critical time. good morning, everybody, i m bill hemmer. and a big welcome to jamie colby. jamie: you think we ll make it before august 2nd? how you feeling? bill: we ll see. jamie: we ll know more after the next two hours. absolutely. great to have you all here. harry reid and speaker boehner both have their own plans, presenting their own debt deals last night. boehner s plan cuts $3 trillion over the next ten years raising the debt limit by more than $2.5 trillion, and guess what? no tax hikes. bill: reid s plan includes more
be severe cuts to programs we all care about. the solution to this crisis is not complicated. if you re spending more money than you re taking in, you need to spend less of it. there s no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. bill: we ve been talking about this issue for months, and we are down to that critical time. good morning, everybody, i m bill hemmer. and a big welcome to jamie colby. jamie: you think we ll make it before august 2nd? how you feeling? bill: we ll see. jamie: we ll know more after the next two hours. absolutely. great to have you all here. harry reid and speaker boehner both have their own plans, presenting their own debt deals last night. boehner s plan cuts $3 trillion over the next ten years raising the debt limit by more than $2.5 trillion, and guess what? no tax hikes. bill: reid s plan includes more than $2.5 trillion in cuts over ten years raising the debt limi
are seeing today. jon: and that is our second fox news alert. the obama administration just decided to release 30 million barrels of oil from the strategic petroleum reserve. now that is a move that could impact the price you pay at the pump this summer. gas prices had been coming down on their own any way, so a lot of skeptics are wondering exactly what the timing of this administration action means. according to the energy department and secretary steven chew we are taking this action due to supply disruptions in libya and other count throws and their impact on global economic recovery. the libya disruption began several months ago. again the timing is curious. we ll be talking about that a little bit later on in happening now. jon: a good thursday morning to you, i m jon scott. jenna: hi, everybody, i m jenna leave. we re keeping you guessing today, we re not in the fox newsroom. jon: no we are not. jenna: we had a little type problem. jon: a little plumbing issue. jenna