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CNNW CNN Newsroom July 25, 2011



live on capitol hill correspondent. you ve been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. what s in the latest plan. i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of money from war money. he s saying as afghanistan and iraq wrap up, there s about a trillion dollars in savings. that s kind of controversial, brooke, because republicans don t count that money. but bottom line, $2.7 trillion all in savings cuts. you might like all them. that s what he s saying. he has a longer term committee in here but it would just make recommendations for long-term reform, really would have a vote on that but wouldn t force those reforms to happen. so i want to look ....

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