asia.re how do you think the markets the ofllary act if the end result, the headlines at the end of orning sand tomorrow m newspapers are no deal? question the american people are asking the question, where are the jobs? impornt. while this is about a american jobs in the american economy. if we don t do something ctrol serious about controlling our debt, it is hanging over ourtire entire economy like a wetlanket. blanket. that s why i believe they arear taking serious steps toward solving this problem and itonnc will breed more confidence in our economy and help createhe jobs here. to i will do my best to work with my congressional colleagues and house republicancoo p colleaguesut and to be able tohd put a framework out there today and to be able to remove this wet blanket. i just want to pursue this aa again.you you talk about tal puting a framework out today. you would not do that unless you have democratic buy in? appo i would prefer to have a posi
this is about what is doable at the 11th hour. remember this, and yoution mentioned it to secretaryeir. geithner, the house has donee ps its work. bud we passed the budget.lan. we passed the plan. i know, but they have been ps defeated. and not one time in this whole process have the senate democrats passed a budget, put a budget out there, or even put a plan out there. the conversation i was having with the president in case thene senate didn t pass a cut cap and balance, there was never any plan from the white house. n the whole plan came from us. t we laid out the frame work. at some point they have to lay . their cards out on the table. oe you were the one in theesteaw conference call yesterday who brought out the idea, we haveeti to do something that whenhi the markets open this af afternoon on monday morning inhy asia.re how do you think the markets the ofllary act if the end result, the headlines at the end of orning sand tomorrow m newspapers are no deal? question
senate, dare the white house to veto it, to block it? prefer to make a deal with the senate democratic lead are harry reid. that s what happened yesterday. an amazing moment. a meeting in the white house yesterday morning, they walked out and the speaker said i m going to convene a meeting only of congressional leaders and had that late in the afternoon only on the hill and asked one of the speaker s aide, who represented the white house on that, the government, the white house is always represented at the meetings on the hill. no one, it was the four congressional leaders alone. they have decided and i think, i think harry reid sort of believes it, and can t quite say it, president obama and secretary geithner are part of the problem and not part of the solution and they re going to try to cut a deal on the hill, cutting the president out. and pelosi is putting pressure on, hard to get the two stage agreement. one trillion if first with spending cuts and second trillion, with spendi
goalposts during the course of the week by demanding another $400 billion.r a simple question, did you have an agreement with speaker boehner last sunday in ahite meeting in daily s office, $800 billion in new revenue?ut w we did not burkts we were close. you did not have an agreement? no, we did not. c: at that pointdi on thateme saturday, we were apart on twoho things. one is what type of revenue we will get through tax reform. but we are apart on the depth of savings that speaker boehner thought we should put we in the deal on medicaid, for example. but the $800 billion figure, you agreeed on that.nots nothing is done until everything is done.oi at that point we were gettingng closer, but we were not done yet.nce at there is still a chance youe should ask the speaker, ofof course, but there is still a chance that may prove the best w way to get the votes.ker ds t the president believes it framek would be the best thing to do,
increases. and two votes are guaranteed so the market don t get disrupted. i think it s doable. do it as a house republican bill and goes to the senate or in negotiation with the senate democrats first. but the big story to me is the bipartisan willingness to walk away from president obama. chris: the other part, there may be bipartisan willingness to walk away. the other part last night after they heard the boehner plan, harry reid, the senate majority leader and nancy pelosi, the democratic leader in the house both said no. absolutely not. and what they re saying is that what you i thought it was a revealing moment that you had, chris, with tim geithner when geithner said he thinks there are some republicans who are praying for a default, that s his language and you get the idea, the white house to the extent that bill was talking about the white house as the problem. the white house has said there are some republicans who just are stubborn, resistent to making a deal on any ci