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president obama is counting on compromise from capitol hill to get a debt reduction deal before tuesday s deadline, but at this point is it even possible to avoid a default? and u.s. troops in afghanistan have a question for the nation s top military man. will they get paid? his answer, coming up on msnbc saturday. [ barks ] [ cat meows ] [ whistles ] [ cat meows ] [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discous you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com.
before tuesday s deadline, but at this point is it even possible to avoid a default? and u.s. troops in afghanistan have a question for the nation s top military man. will they get paid? his answer, coming up on msnbc saturday. [ barks ] [ cat meows ] [ whistles ] [ cat meows ] [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. dr. scholl s custom fit orthotic center
meeting between the president and his top party leaders in congress? reporter: as far as we know, the president is meeting right now with senate majority leader harry reid and with leader pelosi from the house, the leader of the minority in the house. and we don t have details on this yet, it s a closed press meeting, meaning we didn t even get our pool cameras inside to get a glimpse of this, but we know from a white house official that they are meeting here at the white house and we re hoping to get at least a notification when that all wraps up. white house officials saying this is to update the president on around these debt negotiations and what we re really seeing, and this is part of it is a flurry of negotiations going on and this all kind of follows some cab book i can theater playing out on the bill. we saw the house vote on the boehner bill and the senate picked it up and the boehner bill failed in the senate and we saw the house vote on the senate bill t reid bi
the most recent cnn o.r.c. polling says 51% of americans would hold republicans responsible if the debt ceiling is not raised. just 30% would find president obama more responsible. peter moresi joins us. i have to ask you this, you are an economist, you re a well-respected economist and we have spoken together for years. do you have any evidence of what so many conservatives are saying that if we were to increase taxes at all, at all at this point in an economic cycle, that it would actually hurt our economic recovery? well, increasing taxes wouldn t hurt anymore than, say, cutting spending. both would decrease the amount of demand in the economy. to say taxes would hurt the economy is kind of code for, cutting spending is okay, but taxes are not. that s simply not true. in fact, raising taxes may be less deleterious than cutting spending. economic theory says so. did anything that happened yesterday, friday, have any effect on you when you looked at those gdp number that