Page 35 - August 2 News Today

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 obama will hold a town hall on the, quote, ongoing efforts to find a ballanced approach to deficit reduction. he will continue to make his case to the american people that he has bent over backwards. in fact, you can expect to...

At that moment we are downgrading. america losses financial reputation. and that will happen and you say to what? >>guest: it will happen. we dont know what and when it will happen. what we know is, our credit will be downgraded if we do two things: if we default and we dent know when that will be, we will also be downgraded if we raised the debt ceiling and dont make structural spending reforms. and, again, our cut, cap and balance plan that we passed last night, is the only one that meets that...

Government i think know about it. >> nelson says the a.t.f. prepared what he called a smoking gun report. internal review of case that suggests intradiction could have occurred with the guns and probably should have occur and did not occur. nelson said the d.o.j. objected to the release. "the deputy attorney general office wasnt very happy with us because they thought the report was an admission that there were mistakes made." there were mistakes made. investigation is about documents and testim...

In the house are trying to put something out there. they dont want to go past august 2. and i think speaker boehner denied it working on revisions to try to get enough republicans to pass it. i frankly think we need to insist on cut, cap and balance and can negotiate aspects of it. its democrats are not willing to have an open debate about any plan. that has been my frustration. its time to bring this to the public. we can see what democrats are for and what republicans are nor. and he received ...

Government i think know about it. >> nelson says the a.t.f. prepared what he called a smoking gun report. internal review of case that suggests intradiction could have occurred with the guns and probably should have occur and did not occur. nelson said the d.o.j. objected to the release. "the deputy attorney general office wasnt very happy with us because they thought the report was an admission that there were mistakes made." there were mistakes made. investigation is about documents and testim...

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The three, to $3.5 trillion measure over ten years. officials here, i believe, would tell you that the issue is the tax revenue that the president says has to be a part of the package to keep it from being unfair to to make deficit reduction too big a burden on social security and medicare and other government programs. the president will come out here, i presume, and tell lawmakers he wants them to get a deal. because of course, what we are looking at is the august 2 deadline for raising the na...

They all say it is not so. >> chris: stay on the mcconnell plan for a moment. if it comes down to that -- you are already shaking your head. if it comes down to the mcconnell plan or going past august 2. >> the mcconnell plan doesnt have 218 republican votes. there is all kinds of conservatives who will not support the mitch -- as chris pointed out. >> chris: i want to hear you just say, you are saying that the mcconnell plan will not pass the house? >> who knows if there is a combination of rs ...

And say yes? this is a direction that deserves support. we saw very strong and positive reaction. >> reporter: senator conrad and coburn are still both unsure if there is time to get the gang of six plan through congress before the country borrowing authority expires 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 ...

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