Page 48 - Borrowing Authority News Today

cataclysmic potentially to our economy and the global economy. >> ill ask jay carney and pat tombey, what happens now? >> and one of the fun yift people on have the have the. i have a bone to pick with him. when i was on have the have the this happened. >> an old man sitting on his [ bleep ]? one of us is in his 50s. and the other isnt, ladies. >> tonight youre on my show, mr. lopez. old man. well see what happens, shall we? is it a good thing being single at 50? or is it fraught with ...

>> and one of the fun yift people on have the have the. i have a bone to pick with him. when i was on have the have the this happened. >> an old man sitting on his [ bleep ]? one of us is in his 50s. and the other isnt, ladies. >> tonight youre on my show, mr. lopez. old man. well see what happens, shall we? is it a good thing being single at 50? or is it fraught with pit falls and potholes? >> well, im 50. so i think im fraught with pit falls and potholes. if you look at my face, im a...

boehners plan has now checked harry reeds. today those same bean counters are saying, yep, reeds numbers are wrong as well. but they also say that when its all said and done, reeds deficit cutting trumps boehners by, listen to this, more a trillion dollars. reeds plan, ten years, $2.2 trillion in net debt reduction. meantime boehners plan $850 billion. again, six days until default. so what about the white house here? no debt meetings, not today, at least not publicly on the presidents...

Finally, finish tonight with a way out of the debt showdown. we start with the debt fight itself. jay carney, white house press secretary, joins us right now. thank you for joining us. it seems to me if you watched the fighting today, the state of play is the republicans under boehner want a two-round fight, they want a second round during the presidential election next year, and another fight over the debt ceiling next time. president wants to have it all out now. is that the difference? >> i t...

The -- borrowing authority. >> whens that, jay? >> you know, the deadline set by the treasury department, by the career analysts there, in terms of when we lose our borrowing authority is august 2nd. >> when do you have to act -- >> we believe that congress will act and do the right thing. >> in other words, a bill that comes to the presidents desk by the morning of august 2nd is in time? >> as i understand it that would be the case. i dont know if its august 1st or august 2nd depending on the h...

Itself. jay carney, white house press secretary, joins us right now. thank you for joining us. seems to me you watched the fighting. the republicans under boehner was a two-round fight, a second fight during the presidents year next year and over the debt ceiling next time. president wants to have it all out now. is that the difference? >> i think its the difference, although i view it a little differently. the reason why we believe and the president believes so strongly that we have to extend t...

Now with the democratic leaders of the house and senate, talking about a plan to cut the deficit and raise the debt ceiling. less than two weeks to go before the nation runs out of borrowing authority. they are still debating what they say has less than a chance of passing and even less with getting signature. with time running out on the borrowing authority, senate considered a house pass deficit cutting plan that democrats said had less than one chance in a million. >> does the half baked conc...

State endorsing a republican plan for a federal spending cap. mark udall says as catastrophic as it would be to fail to raise the debt ceiling, it would be even more irresponsible to not take this opportunity to own up to our unsustainable pending path. treasury secretary geithner says washing the polls off of this is playing with fire. >> the idea that the united states would take the risk, people start to believe we wont pay our bills is a ridiculous proposition. >> sir responsible -- irrespon...

Payment. they would continue to meet the loan obligation if the debt ceiling was never raised again. tax receipts would flow in the treasury and it could be used to pay the government debt obligation first, thus avoiding default. unfortunately, the money left over would not be enough to finance the other operations which is why a failure to extent borrowing authority would be highly disruptive. soon eor later it has to be raised. republicans control only one house of congress and dont have the w...

Go in default on the loan payment. they would continue to meet the loan obligation if the debt ceiling was never raised again. tax receipts would flow in the treasury and it could be used to pay the government debt obligation first, thus avoiding default. unfortunately, the money left over would not be enough to finance the other operations which is why a failure to extent borrowing authority would be highly disruptive. soon eor later it has to be raised. republicans control only one house of co...