hour or so had to nantucket for the thanksgiving holiday with family but when he gets back expect intense negotiation on bill back better, to people, both kyrsten sinema and joe manchin. arthel: david spunt live in wilmington, delaware, happy thanksgiving to you and your family. you to speak to the senate that hurtles the bill back better bill, the white house insisting it will lower cost for families and help millions. one house number that voted no, north carolina republican congressman ted body, a member of the house financial services committee and congressman joins us now. good to see you, no money and no spending could run the financial services committee, the federal budget the president said this a paper itself but you are the c.b.o. says i won t, what is your view? is $367 billion of unanticipated expenses that the
do you think the president wants to go over the fiscal cliff. it is a balanced approach and achieves the tax increases and revenue increases that the president wanted to see and imposes strict devastating cut. 10% across the board at the department of defense which many people have could be used to fund long-term entitlements. i don t think the president wants to go over the fiscal cliff but i do think he wants to break house republicans not just on this issue but on several issues down the road and essentially john boehner was right with bran b. we needed to pass that because we need leverage on president obama because president obama is not offering a balanced approach. he is talking about cutting spending but not talking about preserving medicare and social security which is 6 6 to 62 tof the federal budget. they need to use the debt ceiling limit to preserve medicare and social security. i think we will eventually reach an agreement here. but doug, i don t believe i don t thi
jupiter. the massive object could explain why a barrage of comets comes from that direction. we ll post the story about the au auto-correct murder, which i thought would win, and mcdonald s weddings at cnn.com/ali. time for the xyz of it. president obama submitted his federal budget proposal for 2012 and the battle begins. the budget is a reflection of the president s priorities for the year going forward. what he wants to spend more on, what he thinks the country can spend less on. earlier he told reporters the federal budget has to do two things, live within its means and invest in the future . the president s proposal and for now it is just a proposal takes a big bite out of some domestic spending. the idea is to slash federal deficits, that s the difference, the shortfall, between what the government takes in and what it spends by over $1 trillion over the decade. now, he plans to do that through a combination of spending cuts