Page 40 - August 2 News Today

Shift to the debt ceiling dilemma. with an august 2 deadline looming. senate democratic leader harry reid canceled this weeks recess penalling the senate will continue to work until the job is done. on "fox news sunday," john cornyn floated the idea of floating short-term or mini deal on the debt ceiling, although it wouldnnt be perfect. >> the big problems wouldnt go away. it just delays the moment of truth. i say better now than then but if we cant, well take the savings we get now and relitig...

Country that spends $3.7 trillion every single year. >> reporter: were now hearing the august 2 debt deadline could shift, but a treasury spokesperson says it wont move more than a day or two, if at all. meanwhile, the president will host the senate democratic leadership at the white house tomorrow as discussions continue. bret? >> bret: mike emanuel live on the north lawn. mike, thank you. well have more about the politics of the presidents trip to iowa and of course the republicans trying to k...

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Called a necessary cut in federal spending. >> the debt limit is the wrong tool for the important job. failing to raise the debt ceiling in a timely way would be self-defeating if the objective is to chart a course toward a better fiscal situation for the nation. >> at the same conference, the house budget chairman paul ryan alluded to this notorious ad, showing a man that look like ryan mulderring an elderly disabled woman to suggest the democrats and their allies make it impossible to have wha...

Willing to be fiscally responsible why should we continue to tax americans and take away their most precious resource if we are not going to do the right things up here. >> chris: answer that. >> the fiscal responsibility did happen when the last democrat was in office before president obama and that was president clinton. we balanced the budget. we had surpluses and those were wiped away by two wars that were unpaid for, by a prescription drug plan that was unpaid for. >> the enemy does have a ...

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Reports it comes as the democrats issue new demand for terms of a deal. >> the arrival of senate democrats at the white house for a late afternoon huddle with president obama on deficit and debt reduction offered a sure sign that the executive is heeding the lawmakers calls and stepping up the role to secure a hike in the nations debt ceiling before the pivotal data of august 2. >> he is committed to doing this. listening to approaches and broadly speaking, where we can find common ground. >> co...

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