Page 2 - Debt Ceilinging News Today

There you see the white house press briefing room. were told jay carney, the white house press secretary will walk through that door, go up to the podium and start taking reporters questions. well get the white house reaction to whats going on on capitol hill. these are critical hours right now. were only what, 35 hours or so away from this treasury department debt ceiling deadline. they want to make sure that the debt ceilinging is raised within the next 35 hours. heres jay carney getting ready...

Said during that briefing the im for unsent has passed. basically, what the white house is signaling at had point and something that harry reid said on the senate floor earlier today is that we may be in sort of this danger zone, this red zone now. weve gotten too close to the debt ceilinging to avoid any kind of ramifications in the short term, a credit downgrade, what have you. it was curious to note jay carney using that sort of language. he was kicking everything over to the treasury departm...

Congress. the economy is already paying a price as outside analysts have noted. there is already a cost to the economy, and therefore, to growth and jobs from this behavior. and its important, as i think so many americans believe, that it stop, that congress simply fulfill its basic responsibilities to open the government, to fund it at again, levels that were set by republicans so that we can get about the business of negotiating in good faith over longer term budget proposals. im not going to....

Going to happen when the deal moves to the house. >> chief congressional correspondent dana bash, were finally seeing senators it looks like, it appears as though they are making some sort of progress in the stalemate. if you look at it in a certain way, thats good news, quote unquote. theres still many sticking points and it needs whatever agreement comes out of this to go back to the house. >> thats exactly right. lets start with where im told the key discussions are right now, which is they a...

Worried. the imf downgraded global economic growth. its only just returned to the eurozone, emerging markets are being clobbered at the threat of u.s. tapering by the fed. so whichever way you turn, the last thing anyone needs, including incidentally, the u.s. economy with its 1.8% growth in sequester is another shoe to fall in the form of this. >> and richard, you just spent a few days in washington talking to economic leaders around the world. when they look at the u.s., the system here, do th...

In the midst of the discussions. we dont know that. but one of the things that has been discussed is a two-year delay, and that would allow us to look at this again and figure out whether it should continue and at what level because it it is truly a tax on manufacturing. it an involves a lot of jobs in this country and smacked together at the last minute in the negotiations. thats why a lot of people are interested in looking at it again on a bipartisan basis in the house and the senate. >> i kn...

My quote to young politicians always was they never stop you when youre going 90 miles an hour. i think boehner showed strength here, some interesting things could happen. >> well, the reason hes kept the moderates from splintering so far is that hes promised them this on the debt ceiling he isnt going to push the envelope, that he isnt going to let the smaller tea party conference dictate the strategy on debt ceilinging and thats how hes gotten them to sort of stick the moderates to stick with ...

>> what if we were to agree to set a framework for that. >> if you can do that. >> we didnt want a government shutdown. we wanted solutions. we wanted the senate to work with us on the budget, on the cr, on the debt ceiling. we want them to work with us. on getting this out of control spending under control. >> i got to wrap it up. you just heard the president say he wants to negotiate. he wants to work with you on all of these. >> come on down. >> all of these issues. >> ill bake him cookies. >...

The debt ceilinging is going to come up. if we dont come together instead of fighting peripheral political issues that arent going to get us anywhere, we just had an election. i mean were not going to -- were not going into a presidential election. we just had a presidential election. >> so our only difference on that -- i agree with bill -- some of us would say these other issues are not peripheral. when were receiving phone calls from constituents saying theyve been laid off because of the aff...

House leadership go through the motions, which theyre not even done with tonight or i guess early this morning, theyre still going to have another vote, probably the next few hours to revote on what they did earlier tonight and then say there should be negotiations effectively which the senate said give me a break. this is nonnegotiable. its really up in the air and depends how the markets react in the morning when they open and the kind of blowback that members of congress, particularly republi...