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COLOMBO (News 1st); A former LTTE member, who was sentenced to 200 years in prison after he was found guilty over the 1996 Central Bank bombing that - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network. ....
spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reid s plan can t pass the house, and not only is boehner s plan doomed in the senate, a great many house republicans don t like it either. so what happens now? well, time marches on. a never-before-seen default on u.s. debt and obligations could be just six days away, but potentially just as bad would be a downgrade of debt, and a downgrade that would say we are not reliable as we used to be. that could up the cost for borrowing for all of us. here is richard quest on cnn international, and the smart money still says default will be averted, but downgrade, is it inevitable, are foreign investors alarmed? no, it s not inevitable. nothing is in ....
a democratic source telling it differently, saying the president challenged mr. cantor for what the source called talk out of both sides of his mouth . they ll be back at the table tomorrow. the stakes could not be higher. moody s today put america s credit rating on review hinting at a possible rating drop. ben bernanke says defaulting on the debt would be catastrophic. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing accounts? reporter: democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you have said, the house majority leader, had endorsed doing a deal that did reduce the deficit and that had some of these various components we talked about. but when he supported the short-term deal which as you ve pointed out the president has made clear he opposes, the president sort of told the entire ....
sitting here? i ve reached my limit. this may bring down my presidency but i will not yield on this. congressman cantor says he says don t call my bluff, i m going to the american people on this. finally cantor says he pushed back from the table and left. a democratic source telling it differently, saying the president challenged mr. cantor for what the source called talk out of both sides of his mouth . they ll be back at the table tomorrow. the stakes could not be higher. moody s today put america s credit rating on review hinting at a possible downgrade. ben bernanke says defaulting on the debt would be catastrophic. the chamber of commerce also sounded the alarm. jessica yellin is at the white house with what her sources are telling her. what have you heard from these differing accounts? reporter: democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you ha ....
jessica yellin is at the white house tonight with what her sources are telling her. jessica, what have you heard from these differing accounts? reporter: anderson, democratic sources say that bottom line is that the president was schooling the crowd in the room when eric cantor changed his position. all along eric cantor as you have said, the house majority leader, had endorsed doing a deal that did reduce the deficit. and that had some of these vary krause components we talked about. but when he supported the short-term deal which as you ve pointed out the president has made clear he opposes, the president sort of told the entire group that this is exactly what americans think of as washington at its worst, washington catering to the base, catering to politics, putting their own political future ahead of doing important things and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how y ....