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Obama: We Need $4 Trillion to Stabilize Debt

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  • Description

    FBN’s Rich Edson on President Obama’s news conference today on the debt ceiling debate.

  • Duration 1:21
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That's right Dennis this is just starting here President Obama trying to -- the debt ceiling debate saying that congress orders -- to spend.

They should raise the debt ceiling allowing me to pay those bills of course those would point out that also.

President sign those bills in the law and many of the spending levels or below what the president had requested in his budget but he says look.

We need to take this debt ceiling put it aside raise the debt ceiling and then we can argue over spending he says he's open a modest changes to health care spending.

If Republicans sign off on closing loopholes he says we've done about half the deficit reduction that we need to do.

Over the last couple of years and he says we've been debating debt and deficit.

Over the last couple of years the American people decided this in the election.

And if they agree with me he also said that millionaires and billionaires are paying significantly more in taxes.

Thanks to that fiscal cliff the -- signed into law a note on gun control that report from the vice president expected to be delivered to the president.

Tomorrow.

President says that day he will have a proposal later this week some executive order action and some.

Changes that would have to make it through congress so this was mostly about gun control and the debt ceiling of the -- -- dominating the vast majority of this news conference.

Back to you -- thank you -- Jensen.

-- also addressing the lack of women in his new cabinet appointments at the end of that was was very interesting as well.

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