their conservative members, who wanted more cuts than they initially committed to. a big week ahead. wall street will be watching closely as president obama unveils his 2012 budget proposal monday. right now, the national debt is at $14 trillion and the president is expected to propose temporarily freezing spending on non-security discretionary items and also he may call for cuts in defense spending. also coming up this week on wall street, the latest retail sales numbers and two key inflation readings and the latest home building numbers as well as corporate earnings including numbers from dell and comcast. we ll track it for you on citizen money. cnn money. now tomorrow s commute tonight. some windy weather is blowing across the country. out west, they re cleaning up this mess in the midwest and east. it could affect your monday morning commute. jacqui jeras with all the details. it will be a bad one for a lot of folks. i think it is. you look outside, think it s gorgeous out
intel facility and talk about preparing the next generation for high-tech jobs. expect congress to sound off monday when the president s budget arrives at the can tall. the big story we re following this week, showdown over spe spending cuts about to hit the house floor with debate and votes. this following when they had to bow to conservative members who wanted more cuts than they initially committed to. president obama unveils his 2012 budget proposal monday. right now, the national debt is at $14 trillion and the president expected to propose temporarily freezing spending on non-security discretionary items and defense spending. the latest retail sales numbers and two key inflation readings and the latest home building numbers as well as corporate earnings including dell and kol cas comcast.
then up to oregon where he ll tour an intel facility and talk about preparing the next generation for high-tech jobs. i m brianna keilar covering capitol hill. the president s budget arrives at the capitol, but the big story we re following the showdown over spending cuts, about to hit the house floor with debate and votes. this follows a week when republican leaders had to bow to their conservative members who wanted even more cuts than leaders would initially commit to. a week ahead, and wall street will be watching closely at the budget is unveiled. the debt stands at $14 trillion and the president subpoena expected to propose temporary freezing discretionary items and may also call for cuts in defense spending. also, the latest retail sales numbers and two key inflation readings. and we ll get the latest home building numbers, as well as the corporate earnings including
move some of the product. now that s the bear scratch. that is a bear scratch. aah! well, even with the storm as a retail drag, holiday shopping results are rolling in and looking pretty good. alison kosik is at the new york stock exchange this morning. so you got there this morning, alison. good morning. thank you. yes, i got here and the floor looks more crowded than i m hearing it was yesterday. retail sales numbers coming in and early numbers show the shopping season better than expected. mastercard s spending poll said spending rose 5.5% from last year and possibly the best game seen in five years. here s where the sales wfr up. up in most of the key areas. clothing sales, they led the way. men s wear really had a good time of it. lots of men updating the wardrobes and analysts say that
fox business network, it has to have an impact on a lot of folks are spending yesterday, today, tomorrow. reporter: i don t have anything as dramatic as harris s video, but retailers need a rescue, it is important, thanksgiving to christmas and the holidays, and the week after christmas, by some accounts, december 26, the first shopping day after christmas can be one of the top five shopping days of the year and is when we tend to shop for ourselves and this year, christmas on a sunday or saturday, and sunday was a bust and now we have the storm, and the analysts i talked to this morning say it should definitely have a negative impact on retailers numbers, unless, we sell snow blowers. rick: in which case business is booming but maybe retailers who was going to slash prices in the after-christmas sale for a few days, they shift it. you can shift it may be before the first of the year, right and we are going into the first quarter and everyone looks at the fourth quarter retail sal