deficit on wednesday, which may include cuts to medicare and medicaid. on the 30th day anniversary of japan s deadly tsunami and earthquake the northern part of the country rocked by a 6.6 magnitude earthquake as well as some other temblors. these forced workers at the crippled fukushima daiichi nuclear plant to evacuate again. the number of dead now over 13,000 and there still are more than 14,000 people missing. in a tiny town in iowa becomes a target for a monster tornado. 60% of mapleton, iowa, wiped out by this twister. the governor has declared a disaster area. thankfully no deaths have been reported there. the severe storms that ripped through the midwest are headed east. the next battle for congress front and center, bringing down the country 14.28 trillion dollars debt. president obama is going to unveil his deficit reduction plan on wednesday. meantime he s asked congress to raise the national debt ceiling. that is something that typically
it out over the debt ceiling. the debt ceiling is something that has to be raised every once in a while. it could be a catastrophic failure for the united states economy if we didn t raise it. the president just can t waltz in and say we re going to have a debt crisis if you don t raise the debt limit, congress, and we re not going to have any changes. this budget deal that was cut or the spending deal that was cut this week is only the beginning. this is first bite of the apple. today, the national debt is $14.28 trillion. the ceiling is $14.29 trillion. we have a debt crisis staring us in the face. that s what s got to get fixed. many americans are worried and frustrated about fixing the crisis with more borrowing. nbc s latest poll shows 62% don t want to raise the ceiling, even if it means the u.s. defaults on its loans. 32% say raise it. i can just tell you this, there will not be an increase in the debt limit without something really, really big attached to
$200,000 that s a choice you re doing. four things we re trying to do for this budget. get the economy going, get people back to work. save social security, medicare and retirement programs and future generation, we want to give our children a debt-free nation. that s what this plan does and i think what this country wants. the debt talk comes as yet another deadline loomts. the national debt is 14.2$14.28 trillion and next month, 14.$14 trillion. if a debt extension isn t voted on, the u.s. could default on its debt and that is the next battle. let s go to jim clyburn. congressman clyburn, how concerned are you the debt ceiling will not be raised and we may actually have a real financial crisis on our hands? i m very concerned about
law. i don t think america will sign up for something that puts the burden on middle class, asking nothing of the wealthy. that s a choice you re making. i don t believe it looks at defense spending as another deadline looms on the debt ceiling. the national debt it 14.$14.28 trillion and next week rise to .29 trillion. if it isn t voted on, the u.s. could default on its debt. let s show you number again. not so long ago, about a decade ago, that number was around $4 trillion. i refused to vote to allow it to go to $5 trillion because i thought that was a great challenge. times change. we accumulated $4 trillion over 200 and what 20 years of
not going to support a lot of that plan. any chance ittet goods passed? it may pass the house. it s not going to become law. i don t think the american people is going to sign up for something that puts most of the burden on the middle class, people trying to go to colleges on senior citizens while not just asking nothing of the wealthy giving them at least a $200,000 tax cut. that s a choice you re making. i don t believe it looks at defense spending as well. the deficit talk comes as yet another deadline looms on the debt ceiling, the next big battle. as of today, the national debt is $14.28 trillion. next month it will rise to $14.92 trillion. the previous limit set by congress if an extension isn t voted on the u.s. will default on its debt. look at the number. let s show the number again. mike, not so long ago, that number was around $4 trillion. i refused to vote to allow it to