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Transcripts For CNN CNN Newsroom 20110214



after that it would creep back up again. largely because of interests on the debt. and how much is the debt you ask? well, as of february 10th, the u.s. treasury calculates that you and i owe $14 trillion. the two at the top, cnn s christine romans shows us some of those proposed cuts and how they might hit home. christine? well, let s start with pell grants. let s start with something that a lot of kids are relying on. $ $5,500 a year is what you can get from a pell grant. you can get two, one for the school year if you qualify and one for summer school. the president would like to get rid of the pell grant for summer school and make sure as many students as possible can get the pell grant if they need it and that means just one, $5,500 for the regular session. also saving a couple of billion, reducing some of the subsidies for professional and graduate students. did you know that some professional and graduate students, their interest as it s accruing on their stude ....

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