Page 10 - Debt Increase News Today

motes. 22 republicans voted against it and all of the democrats. just before the vote, speaker boehner blamed president obama at the talks aimed at a bipartisan deal. >> i stuck my neck out a mile and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted and it is time for the administration and time for our colleagues across the ais...

Let your member of congress know. if you believe we can solve this problem through compromise, send that message. >> the white house communications director dan pfeiffer tweeted that the servers on capitol hill crashed after the president made that plea for people to get in touch with their congressional representatives. after the presidents speech, house speaker john boehner spoke for roughly five minutes and he came out against president obamas proposals. >> president obama came to congress in...

veterans group there at pennsylvania avenue being briefed on what could happen to their ranks if the debt ceiling is not raised. also cnn is learning some states making contingency plans. california specifically taking out a temporary $5 billion loan just to help pay its bills in case congress fails to act and turmoil in the credit market makes it difficult to borrow money after august 2nd. take a walk with me. i want to look at what exactly is proposed here. we have two different plan...

the president will lay out his case within a minute or so. two minutes after the president finishes what is expected to be about a 15-minute speech to the nation, two minutes after that, we will hear a separate speech from the house speaker, john boehner. he is up on capitol hill. he will make his case, why the president right now is wrong. why the republicans are right. both of them presumably will say the stakes for the united states are enormous right now and the country must do eve...

two minutes after the president features -- finishes whats expected to be about a 15-minute speech to the nation, two minutes after that, well hear a separate speech from the house speaker boehner. hes up on capitol hill. hell make his case why the president right now is wrong. why the republicans are right. both of them presumably will say the stakes for the united states are enormous right now and the country must do everything possible. everything possible to avoid default. theyve b...

live on capitol hill correspondent. youve been following ins and o outs. i want to begin with the one offered in the last hour we heard from senate majority leader harry reid. whats in the latest plan. >> i was realizing this is $2.7 trillion in proposed cuts, brooke, on two sides of a piece of paper. obviously details need to be filled in what they are proposing raise it by this month, cut by this month. the cuts include $1 trillion immediately in discretionary spending. also a lot of...

a plan b or c. senate, the other from house >> go ahead, please, carl. republicans. but theres a big problem. >> i just think that theyre -- neither of those plans may be i think that at this point they able to get through congress and probably have to go through some of these initial votes. the clock is ticking. and thats what i was referring to earlier, that the back cnn congressional correspondent channel communication that kate boulwan joins us now. continues and, you know, where s...

murdochs protege rebekah brooks to show up tomorrow to answer questions. despite her arrest over the weekend, her spokesman says she will be there. shes denying she knew her reporters hacked phones for scoops while she was the newspapers editor. rupert murdoch, chairman of news corp, and his son james are expected to testify alongside brooks tomorrow. they will appear before parliaments media committee. a heatwave hitting the middle of u.s. extremely high humidity makes it feel as ho...

Like to see passed, to deal with the debt crisis and i think those bills will obviously go nowhere because i dont think the democratic senate will send them to the president and if they did, im not sure hed sign them and i think once we have votes that fail, it might put us on track to try something that could work, even though, right now, republicans and even a lot of democrats are skeptical about some of the plan bs, that have been talked about. namely, the mcconnell plan, which would put this...

wont support deep cuts without increases in taxes. >> if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. >> david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change americas unsustainable economic path. what do you think? do that you think that oppor...