Page 39 - August 2 News Today

The day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right now, politicians in washington are trying to avoid default by striking a grand bargain on big spending issues and big taxing issues. but the fact remains that the cou...

>> reporter: walsh is angry that president obama said that social security checks may not go out. if there is not a debt limit deal by august 2. he says its not true. a message echoed by senate freshmen who sent a letter today to the president. >> i think the president should apologize for politicizing social security, for threatening not to send out checks. >> g.o.p. and senate freshmen may be the new kids on the block but they are not slinking violets. many were elected by vocal, passionate te...

Lowest ever. back in washington, republicans and democrats continue to battle over whether to extent the nations debt limit. >> the path forward, several of my colleagues have indicateed seems to be blocked by an insistence on raising taxes in the middle of an economic slowdown. >> reporter: earlier, one leading senate democrat blamed the republican leader. >> its my way or the highway approach is what it is standing in the way of getting an agreement. the person standing in the way right now is...

Latest updates on this topic.

Latest updates on this topic.

That hearing starts in 25 minutes. well monitor it, bring you updates won that starts. if you are near a computer you can watch it streaming live at foxnews.com. click on theling next to the home page. we try and make it easy for you. all the analysts we talk to, they only have to be trite once. we have to be right every single time. alisyn: the top republican in the house calling president obama out for what he called making a veiled threat. the president said he cannot guarantee the social sec...

Boehner has stole the president repeatedly that he does not have the votes in the house to pass a debt reduction package that includes tax hikes. house republicans are insisting that any increase in the debt ceiling is matched with equal or more spending cuts. rick? >> rick: molly henneberg, thank you. >> arthel: time is running out, we are now less than one week away from the first critical deadline. the u.s. could begin defaulting on its obligations by august 2. that is when the treasury depar...

Still no final deal. the treasury department august 2 deadline approaches, lew says the president is dedicated to getting the biggest possible deal. he says there is time to get it done. >> if you look at where the parties are, compared to discussion in the last decade, things that both sides are talking about doing, that are dramatic. there is still time to get something big done. the president made it clear he wants to do something substantial. >> reporter: meantime, g.o.p. is moving forward o...

When we should have. a $2 trillion package will do nothing to reassure the world economic community that we get it. >> he plans to release his own blue print for cuts. is that steve centanni, live in washington. thank you. with 16 days left until the federal government exhausts all borrowing authority, one g.o.p. senator is working to make sure that members of the military will still get paychecks. joining us with more on her plan is kay bailey hutchison. thank you for joining us. >> thank you, ...

Title balloonhead. >> the president doesnt want to be confronted with priorities in spending because he has a lot of hutz pa. >> wow. >> the new show talking about federal budget negotiations, just cheap salacious viewer bait. >> good evening from new york. breaking news, president obama will hold a news conference from the brady briefing room at 11:00 a.m. tomorrow, his second news conference in five days. the president met with democrat and republican leadership for a little over an hour today...