it was a good year for the federal budget. as the last year a federal budget was passed by congress and signed into law. both this wine and the budget are four years old. you'll hear folks say the u.s. doesn't have a budget. that's not true. congress has passed one extension after another. the current extension is set to expire on october 1st. without a budget the government could shut down, and unlike a good wine, the federal budget does not get better with age. it gets worse because it uses old priorities and doesn't deal with new problems. passing a budget is the one thing that congress actually has to do. a budget is the manifestation of the government's priorities. everything else they do is optional. a budget lays out where your tax dollars get spent. under normal circumstances the president submits a budget proposal to congress in february. based on that something called a budget resolution is drafted and deliberations between parties take place, amendments are made, committees, a final resolution is passed, wait for it,

between 1787 and 1987, we never had a federal budget that crossed the trillion dollar threshold. in 1987, we finally had a trillion dollar federal budget. it only took us 15 -- took 200 years to get to 1 # trillion, but 15 years after that to get to 2 trillion as the size of the federal government. it took just five years, and now we run budget deficits annually, that are a trillion dollars. it's a big government, and that's an unhealthy, and unfortunately, we crossed all the trillions and two a three trillion threshold with the republican president. the size of the national debt, a gross national debt that is bigger than the united states economy. i would say that that's a sign of a big government. even the growth national debt does not really measure accurately all of the money that we owe, all the promises the federal government has made that it doesn't have the money to pay for it, and if you look at that, we have unfunded liabilities to the entitlement program, social security, and medicare well in excess of $80 trillion, and our unfunded liabilities are twice the size of the

the bottom line of cbo's long-term budget outlook this year is the same as it was last year. the federal budget is on a course that cannot he sustained indefinitely. in our extended waistline which largely follows current law we projected federal debt held by the public would rise from 73% of gdp today already very high by historical standards to 100% of gdp in 25 years. even without accounting for the harmful effects of rising debt. the deficit has shrunk dramatically during the past few years from nearly 10% of gdp in 200924% this year and we expect under current law the deficit will decline further in the next few years to about 2% of gdp. after that respite however the deficit would begin growing again. federal spending would be pushed up by rising interest payments on the federal debt and the growing costs for social security and the major health care programs. medicare medicaid and subsidies provided for the insurance exchanges. interest payments on the debt would rise as interest rates rebound at current and usually low levels in particular with debt so large we increase interest

if expected, capitol hill not passing a budget, then the federal government shutdown would start nextthe way the district does business because its budgets are under budget control. delia goncalves is live at the wilson building with more. good morning, delia. >> reporter: good morning. there's a lot to lose here for district residents. the mayor says if congress does not make its october 1 deadline, here is what will stay open. let me give you the good news first. schools, d.c. police, and fire will remain open. on the chopping block, however, libraries and services like street sweeping and trash collection. it is likely that most americans will fell the effects of a budget -- of a government shutdown, rather, but the budget battle on the hill hits d.c. until like any other city in the country because congress still controls the district's budget. so while federal services like the i.r.s. and passports may be delayed, national parks could be closed, right here at home? well, district services, some of them would come to a halt. >> who wants to let it get to that point where trash is

the federal government going. what's incredible here is that the republicans -- that the republicans continue to try to hold the entire federal budget hostage to their obsession with obama care. and it's not just democrats saying this, republicans like carl rove, the "wall street journal" editorial board, the u.s. chamber of commerce. president reagan's own budget director are all saying this is not only political lunacy but incredibly irresponsible from a policy perspective. and those aren't exactly lefties. but, look, republicans in congress right now, all they care about is saving their own political skins from the ideologues in their own party. so they'll do whatever it takes. they've thrown out all pretense of getting results in favor of the politics. >> cruz isn't really an example for what all republicans are trying to do here. and the filibuster doesn't necessarily speak well for the republican party. >> no, you're not kidding. i mean, cruz' comment that there may be 50 votes. 50 votes is what's called a majority. and in america, we rule by a majority. >> the bottom line is obama care has been inactive for three years now. i

because the district budget is tied to the federal budget, nonessential d.c. services would be required to shut down. mayor gray says he will simply declare all employees essential and that could face legal or even finds. >> nearly 200 to the -- took toa pennsylvania avenue talking to their her livelihood. they must accept credit and debit cards. one in four will not be ready for this by next tuesday. atcoming up on abc 7 news 6:00, the man who bought "the washington post" lays out his plan for the iconic newspaper. like the highly negative campaign for the governor of virginia and tonight the candidates face off on the same stage. we have a preview coming up in a live report. the belfort furniture weather center, a spectacular autumn day. how many more coming your way? there are so many things that we do on a daily basis. we run errands. we run to the grocery store. in fact, the average american drives fewer than 29 miles a day. the 100% electric nissan leaf goes two-and-a-half times that on a single charge. it's a car. it just doesn't take gas. [ farrar ] so

i'm still looking for it. >> in ten years the federal budget doubled. a belief government can do whatever they want if they get votes. this is not a democracy. this is a republic. they turn them in the bankrupt retirement programs like social security that make up the trillions in unfunded liability for country. but now as well. is government limited? it doesn't look like it based on what is going on in dc. >> eric: i want the producers to roll the clip of president obama, before he was elected. he warned to us change the direction of america. he was elected anyway. take a listen. >> we are five days aw from fundamentally transforming the united states of america. >> eric: we did it anyway, didn't we? >> yes. >> oncep once an entitlement is created, there is no going back. there to stay. we have a battle in capitol hill. the members of congress know once obamacare is in, there is no way to take it away from the people. entitlement programs are never scaled back. i grows bigger and bigger. >> this is not just entitlement or obamacare. the nsa are snoopin

workers from the federal budget dispute. >> new information on the shooting rampage that left 12 people and the gunman dead at the navy yard. naval sea command is telling employees they will not be able to retrieve their personal belongings out of the building for some time. the message released this afternoon says that the building sustained heavy damage and remains an active crime scene. once the fbi releases the building, movers will be brought in to remove equipment and .ersonal belongings the navy is telling employees who left their cell phones in the building that they should start looking for a replacement. >> the department of justice and fbi are defending the decision to release surveillance video from inside building 197. that video shows aaron alexis roaming the building before the rampage. it released the video in part to dispel any lingering questions as to whether alexis acted alone. to agency says it spoke victims' families before making the video public. greater video far that was displayed yesterday, much of it very graphic than we released. >> we learned that hewlett-

the d.c. budget is locked in with the federal budget. non-essential city services would therefore stop. libraries, and rec centers would all close. there will be no street sweeping, trash collection. all of that would stop for at least one week. d.c. mayor vincent gray says he is trying to find a way to avoid all of that. new at 6:00, president obama says the u.s. will begin talks with iran over its nuclear program, but he will not meet with iran's new president hassan rowhani. in his speech at the united nations, mr. obama says he has directed secretary of state john kerry to pursue an agreement to resolve concerns over iran's nuclear program. it has been 36 years since u.s. and iranian leaders met. believe that if we can resolve the issue of iran's nuclear program, that can serve as a major step down a long road towards a different relationship. >> as for the crisis in syria, president obama warned united nations would appear incapable of enforcing international laws if it fails to take action. >> moving back closer to home, the shooting at the navy yard is leading to security changes

the most important issues you think congress should continue. entries should include c-span video, varying points of view and due by january 20. >> congressional budget office director says the federal budget is on a course that cannot be sustained indefinitely. his remarks came at a news conference as part of the budget outlook for the next 25 years. this is just under an hour. >> good morning. thank you all for coming. i am the director of the congressional budget office. this morning, the cbo released its latest long-term budget outlook, showing what would have been to the budget over the next 25 years under a number of different policies. today's report differs from the book we published last year. it incorporates the effects of the tax legislation in january. it includes a wide range of recent data. it has some methodological improvements. the bottom line remains the same. the federal budget is on a course that cannot be sustained indefinitely. in our extended baseline, we have projected federal debt would rise from 73% to 100% of gdp 25 years from now. even before incorporating the harmful economic effects of the rising debt. to be sure, the deficit has shrunk dramatically dur

>> counting down to a government shutdown, a tense congressional showdown over the federal budget and obamacare. >> the u.s. and iran will hold high level talks for the first time in more than 30 years. a nuclear iran is the talk of the agenda. >> dramatic new images of the navy yard gunman. aaron alexis is shown and the moment before he opened fire in washington, killing 12 people. >> you want to die eternally. >> an animated campaign designed to detour somali kids from being recruited by al shabab, the group behind the kenyan mall attacks. ♪ theme >> the clock is ticking on a government shutdown. monday's deadline is now less than five days away. that's how much time lawmakers have to pass a stopgap measure to keep the government running. lawmakers on both sides of the aisle are urging their colleague not to play games. >> i hope we won't go down a bunch of political rabbit trails that take away from the seriousness of trying to solve our countries fiscal problems at large. >> bait obamacare all you want, but please don't threaten to shut down the government because you can't get yo

number has just gone up and up and up, and it's an enormous burden on our own finances, but also the federal budget the problems that we're seeing today. >> one of the fears may be at least for some people costs may go up, particularly many system? >> that is definitely a risk, and that is what -- the architecture of healthcare reform is meant to encourage everyone to broodly participate so that we can all spread the risk and -- and share in both times. >> john, we appreciate you joining us. it will be so interesting to watch, and we look forward to talking to you again. thank you very much. >> thank you. >>> coming up, have you ever wondered how much you are really worth? there's a new way to find out, where investors give you money now, based on what they think you will earn later. and it involves an algorithm. all of the details in "real money." s2úq@eñsy$x >> you probably heard of websites like kick starter help people fund people to fund companies. there are investors that invest in you rather than a project. >> reporter: ask nathan sharp, the founder of nifty.com how he was able to start a bu

just 19% favor linking negotiations of the health care law and the federal budget. >>> vice president joe biden says simply, devastation is devastation. he toured the flood damage in colorado monday from a helicopter over the big thompson river. also monday, a 79-year-old woman was found, bringing the death toll up to eight. six people are still missing and biden vows the relief effort won't cease even if there's a government shutdown. >> i don't want folks here in shelters or watching on tv, seeing the dysfunction of congress and thinking all of the relief efforts that they're now benefitting from are likely to continue to benefit are are going to shut down. they will not shut down. >> the second day of autumn felt more like winter in some parting of colorado. up to four inches of snow fell in the high country. look at that. several highways were closed briefly because of traffic accidents. nbc's bill karins is here with hopefully a less wintry forecast. good morning. >> as the calendar pages turn, we're getting closer and closer to winter. paige, in montana, they're the next ones. t

and finally, the whole question of the federal budget in itself. congress thus far this year has passed precious few bills. the slowest congress in memory. there are all these spending bills that have been stacked up wa like planes waiting to leave the airport, if you will, and the question is will they pass the budget by october 1st or will it be yet another what we call continuing resolution? all three of these come together. republicans would like to manage them as a package. the president and democrats would like to handle them one at a time so nobody has too much lingage or pressure on the other. >> of course, there's the immigration issue as well. quickly, do you think congress is going to act on that? it seems almost as if everybody wanted to do something. >> it's been touch and go. meetings the members of congress have had over the last two weeks have not produced a rancor on the issue we have had in the past. that gives them a bit of breathing room. you have a number of tea party republicans who are steadfast in opposing this whole thing. t

performed by national captioning institute] boehnerat was speaker addressing the issues of the federal budget and health care and the houseplants to push ahead on those issues. as ant to hear from you federal budget showdown looms in congress here in washington as well. host: if you have a comment on some of the federal budget proceedings going on here in washington, you

back then, the federal budget totalled less than 3% of the national income. today it's at 25%.re have been other recessions, but nothing like those terrible years in the 1930s. the man whose theories helped us understand the great depression was john maynard keynes. how those theories became public policy will be the subject of future editions of economics usa. captioning is made possible by the annenberg/cpb project captioning performed by the national captioning institute, inc. captions copyright 1986 educational film center annenberg media ♪ annenberg media ♪ e that private enterprise can give full employment to our people. 1944. franklin roosevelt declares that every american has a right to a job. can the government guarantee that we'll never have another great depression? 1952. dwight eisenhower prepares to take office as the first republican president since herbert hoover. how will he handle his first economic crisis? the torch has been passed to a new generation of americans. 1961. john kennedy has promised to get the country moving again. how will he keep his promise? t

cbo's long-ine of term budget outlook is the same as it was last year. the federalbudget is on a course that cannot be sustained indefinitely. our extended baseline, which largely follows current law, we ebt held byederal do the public would rise from 73% of gdp today to 100% of gdp in 25 years. even without accounting for the harmful effects of rising debt. the deficit has struck dramatically in the past few 10% of gdp inarly 2009 2 about 4% this year. under current law, the deficit will decline further in the next .ew years to about 2% of gdp after that respite, we predicted deficits will grow again. federal spending will be pushed up by rising interest payments on the federal debt and by growing cost for social security and the major health care problem -- programs. medicare, medicaid, and subsidies provided. interest payments on the debt would rise as interest rates rebound in their current unusually low levels. in particular with debt so large , the increase in interest rates that we expect would have a very large effect on interest payments by the federal gove

we begin with the battle over the federal budget. if a deal between congress and the white house isn't reached, the government will run out of money in just 12 days. tomorrow the government controlled house plan as resolution to avoid a shutdown but strip away funding of obama's healthcare overhaul. susan mcginnis has more. susan, good morning. >> anne-marie, good morning. congress is about to embark on another game of brinksmanship. one senate republican calls the plan a suicide note, but house speaker john boehner is under pressure if the more conservative wing of hiss party as the critical deadline approaches. >> there should be no conversation about shutting the government down. that's not the goal here. our goal here is to cut spending and to protect the american people from obama care. it's as simple as that. >> in an effort to placate his conservative members, speaker boehner hopes to pass a bill that extends the government spending for three months but defends the health care law. he plans to omit the law on health care and se

performed by national captioning institute] boehnerat was speaker addressing the issues of the federal budget and health care and the houseplants to push ahead on those issues. as ant to hear from you federal budget showdown looms in congress here in washington as well. host: if you have a comment on some of the federal budget proceedings going on here in washington, you can make those via social media as well -- host: here is "the washington post" story on what is going on in washington. to be fundts vote obamacare." obamacare." host: that is from "the washington post" this morning. lots going on. we want to hear from you. marianne in carson city, nevada, democrat line. caller: thank you. my observation of our country is the fact that the top one percent are still raking in millions and billions of dollars. and they are complaining. them sitting very nicely. however, while they are making money on wall street and the top corporations, i also notice that people are just making $7.25 an hour, which basically has only $1.23 raise in the last 36 years. host: federal budget showdown is looming in

traders worry about fighting washington lawmakers as they try to hammer out a deal on the federal budgetand a debt ceiling, all of that amid the looming threat of the government shutdown a week from today. the nasdaq was down nine, despite getting lots of help from apple, and the s&p by eight. >>> as sue just mentioned, the possible government shutdown is a week away, and the big question is are lawmakers any closer to reaching a deal that would keep the government running or is it looking more like a stalemate? john arwood has more on the budget shutdown. >> i don't think we're closer to a deal than we were before. but i think there is an expectation we'll get a deal in the end. i say that for this reason. we've just had announcements today that two republican leaders in the senate, mitch mcconnell, and john cornyn, say they are not going to join ted cruz from texas in a filibuster, that would extend government funding and de-fund obama care. the plan to take that bill up and then strip out the obama care division, send it back to the house and challenge them, the fact that that bill wi

worth a government shutdown, just 19% favor linking negotiations of the health care law and the federal budget>>> vice president joe biden says devastation is devastation. he toured the flood damage over the big thompson river and on monday a 79-year-old woman was found bringing the death toll up to eight. six are still missing and biden vows the relief effort won't seize even if there is a government shutdown. >> i don't want folks here in shelters or watching on tv seeing the dysfunction of congress thinking all the relief efforts that they're not benefiting from now or likely to continue to benefit from will shut down. they will not shut down. >> and the second day of autumn felt more like winter. up to 4 inches of snow fell in the high country. several highways including i-70 near vail were closed briefly because of traffic accidents. bill karins is here now with a less wintry forecast. >> snow, huh? >> unless you're i skier. >> die-hards can't wait for the first ski resorts to open and montana will get snow in the higher elevations. big buzz this morning, new information has come in from

this won't be getting better anytime soon until there's some resolution over the federal budget. back to you, frank. >> okay, jason brooks. thanks. >>> the father of the suspect accused of killing a dodgers fan says his son did it in self- defense. 21-year-old michael montgomery from lodi has been charged with stabbing jonathan denver after the giants-dodgers game wednesday night. montgomery's father told the lodi news sentinel, quote, michael got jumped, denver and friends started swinging chairs and he stabbed denver. the victim was an apprentice at north coast plumbing and heating in fort bragg. those who knew him said he was a hard worker and a part of the family. his dad is a security guard at dodger stadium. many are having a difficult time wrapping their minds around what happened. >> i don't understand who could even do that over giants or dodgers, is just -- it's ridiculous. >> i was at work when i found out. it just doesn't -- i don't believe it yet. >> just going on facebook and seeing all his pictures, it just doesn't seem real. i just feel like i'm going to see him la

today at white house focusing on the crisis in syria and the looming showdown in congress over the federal budget and health care. you can see the interview this week sunday morning at 8:00. >> today in san francisco, governor brown will sign a warm warm agreement with the government of china an outgrowth of the trip to beijing in april. the office says the agreement will boost cooperation on climate change and low carbon development. >> tough lesson for students at san francisco high school. the administration canceled a dance because it is a jewish holiday. some students are upset over the last minute decision. >> a senior is on the student body and was looking forward to a fundraising dance a chance for the senior board to raise money for prom and graduation. a day before the event, the principal told them the dance was canceled although it had been on the calendar for months. >> the school district said they had a few complaints from parent it was on the yom kippur holiday. >> it is rescheduled. >> we do not see a fed to cancel an event for observance of a religious holiday because we believe

made a fortune in finance before marylanders elected him to the house says he want to control the federal budget, even reform entitlements. >> what we're talking about now has nothing to do with those things. >> reporter: he opposes the gop proposal to cut the obamacare subsidy for members of congress and congressional staff. >> that is a mean spirited piece of legislation. >> reporter: you think this is going to get resolved tonight? maryland democrat donna edwards is convinced a shutdown will last no more than a few days. >> and i think a combination of democrats and republicans who aren't all the way over on that right wing are going to pass a continuing resolution so that we don't shut the government down. >> reporter: but a partial shutdown is looking more and more likely. bruce leshan, wusa9. >>> d.c. mayor vincent gray governments prince -- vincent gray says governments in d.c. will not close if there is a government shutdown deeming all government works he essential. >> our government will be open tomorrow and -- works essential. >> our government will be open tomorrow and it will be ope

the problem is, the amount of money given in the federal budget and the state budget is just not enough to fund infrastructure. we have a $200 million backlog on my desk alone. and that would be our entire state's allocation for 4, 5, or 6 years. schwartz: the usda asked that i go to herminie and provide an independent evaluation of the problems to determine if it was severe enough to warrant funding. i've worked in a lot of communities in pennsylvania, i've seen a lot of things that were pretty startling, however, the trip to herminie absolutely, um... astounded me. i wrote a letter to usda, saying that it was the worst thing i'd ever seen in pennsylvania and that if they could award funding, that they do so. and they did. they did. over $15 million, grant and loan, for that project. mcmillen: and it took years to get funding. what kept this project going was the steadfastness of the community -- they knew they needed sewage, and they just kept plugging along till we got through every issue that came up. the project will consist of 44 miles of line that we're going to put in, and a tre

. >> it's ridiculous that the city is held hostage to the federal budget. no other city in the country has to go through this. we raise money through our tax dollars like any other state and this is ridiculous and it should stop. >> we're going to hope that none of this happens and the federal government stays open. thank you so much. >>> there have been 17 government shutdowns in u.s. history, but despite lots of close calls none since 1995. tonight we have a look at the five longest. at no. 5, there was a 10 day shutdown in 1976, the first such event in u.s. history and the last year of the ford presidency. no. 4, an 11 day shutdown in 1979. no. 3, a 12 day closure in 1977. no. 2, an 18 day shutdown in 1978. the government closed three times during jimmy carter's four years in office and the longest government shutdown in u.s. history was the 21 day shutdown from december, 1995 to january, 1996. '95 was so bad there was a five- day shutdown in november. we're all still here right now. >> as of now anyway. >>> new tonight doctors at medstar had sent home an