Page 30 - August 2 News Today

Mild. when moodys said its considering downgrading our nations credit scores, their threat was not to downgrade the nation once we default on our debt on august 2, their threat was to downgrade us now, now, mid-july because we have gotten this close to default, because congress is willing to put the full, faith, and create of the united states in this much danger. if we do actually default on purpose, not only does the

Tomorrow. its call td same-day procedure, theyre going to make it possible for john boehner to tweak this bill once more. its been tweaked a little bit before and bring it to the house floor tomorrow. at 10:00 a.m. tomorrow eastern time, house republicans will meet in the capitol basement and there, speaker boehner will face a job of selling the retweaked bill to his conference. greta. >> greta: how do we get here? those who might just be tuning in, what happened? >> well, our boroughing authori...

Going past august 2, 8, 10, or wherever they need to go to get a balanced budget amendment. if you go there, though, we dont just get a downgrade, downgrade would be bad enough, wed get one if we passed the boehner plan. if we went into prioritization, were going to suck $134 billion out of the economy in august. thats 10% of that one months gdp. you dont get to do that without going into, essentially, an immediate recession. >> the numbers, when i hear you talk, stress me out. i cant quite conc...

Aides talking. then, not trying to be dense, but how would you do taxes in the middle of the year? and then, there are lots of bad rumors and worse reporting today. which of course makes it like most days in washington. here is the president on npr today discussing yesterdays quickly passing fad, the bipartisan gang of six proposal that realists have declared impossible to legislate before the deadline on the debt ceiling on august 2. tomorrow morning, president

Behold, august 2 is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> see, the president made up this fake deadline of august 2, put it on the calendar for his birthday. to please celebrities who would be coming to his birthday party. the problem we have here now as ronald reagan might say, is the problem of irresistible force about to meet an immovable object. its the crazy, the voices in th...

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August 2. senator conrad suggests things would go faster if there is broad support for the plan but house speaker john boehner says the plan still falls short. bret? >> bret: senator crapo one of the members of the gang of six will join us live in studio in a minute. wendell, thank you. stocks were up with the largest one-day jump so far this year. the dow added 20 # points. the s&p 500 gained 21. the nasdaq picked up nearly 61-1/2. home construction increased 14-1/2% in june. but experts say th...

Obama has been pointing out lately is the deadline thats upon us to raise the nations debt ceiling is not really august 2. he has been trying to say that theres no reason to expect that the markets, the bond markets, stock market, etc., no reason to expect that they will wait until we actually default, until august 2, before reacting adversely. as we get closer and closer to the default date, just being too close to it without a resolution may, in fact, knock the economy off a cliff. at this poi...

On the house side, on democrats voiced interest and most of them are not persuaded. >> there are a lot of questions because there arent details about the prose subpoenaed the content. an 11th hour situation. >> reporter: at the white house, budget aide said there is still time to get it through congress before the august 2 deadline. but barely. >> we think there should be and there could be but im not laying bets it will happen. a fox new poll show americans dont raise supporting the debt ceil...

August 2 deadline. even if cut, cap and balance is as good as you say it is, should we be spending precious time what outside observers say is not going to become law? >> of course, we should. this is something that fixes the problem. we have to do big bold things or we are headed for a debt crisis. to call balancing the budget dangerous is unbelievable. >> that is not what i did, jim, i said your version of that. >> mr. president, put a plan on the table. democrats put a plan on the table. we h...