Page 10 - Debt Limits News Today

For the long-term. nwell talk to julie and former advisor. and frank who is deputy to president bush. next secretary lew said the government will not sign government bills. and will not negotiate with republicans in the spending and raising debt limits. brad, sounds like negotiations are over. >> it is not only. the american people have had it up to their eyeballs with them cutting their budgets and the government not cutting theirs. we are talking about an increase in discreationary spending an...

Presidents since we have all known about, since we can remember have made recess appointments on things like summer recesses, when congress goes away for the month of august. so, what the court is now saying, its their interpretation of the constitutional power to make recess appointments under the constitution, limits the presidents ability to do it except in very, very narrow time frames, thats a rule thats never governed presidents before this. >> megyn: no question that president bush made a...

Higher income, paying off well. our limit would go up with gdp, know the arbitrary limit set by congress and no gdp indications and other countries have debt limits, that are tied to the economy and makes more sense than what we do. >> we could just print money. >> jonas, i like when you have a credit card and your limit goes up, you cant say oh, my limit went up and going to go downstairs in the basement and print more money which is what our government does. you actually have to pay someone ba...

Perform through the year. the expectations are high and they got to stay high. >> thats the real danger. you said the optimistic tone which raises the perception they are going to work this out. and it will make the backlash, the whiplash to make it stronger. >> and does the market find or business community, do they find any of these characters reassuring? >> i think -- i think they want to hear reassuring things from all of the characters. i think anybody in wall street whos smart, anybody doe...

>> yes. my first choice would be as you know, we talked about this before. i would go the constitutional option like bill clinton suggest and say this thing is unconstitutional. ork bama seems to have ruled that out. if hes not going to, he has to reframe the debate. i think the most powerful way to do that is to expose the hoax at the heart of what the republican debt limit argument is. they make it sound like the debt limits, the only way to stop socialist obama from drowning us in debt when o...

split, 6-6 along party lines. theyll have until thanksgiving to come up with a package of cuts and/or taxes to get the $1.5 trillion. now, congress would then vote up or down on the entire chunk. they have to vote. but remember, the supercommittee was set up to do what congress and the white house failed to do. keeping them honest tonight, its not like this is the first time politicians have decided to set up a committee to do what they themselves have failed to do. in targets we have ...

leaders each get to name three members. meaning the panel will be evenly split, 6-6 along party lines. theyll have until thanksgiving to come up with a package of cuts and/or taxes to get the $1.5 trillion. now, congress would then vote up or down on the entire chunk. they have to vote. but remember, the supercommittee was set up to do what congress and the white house failed to do. keeping them honest tonight, its not like this is the first time politicians have decided to set up a co...

washington doesnt reach a deal. so lets go there now. our congressional correspondent kate bolduan standing by as she has for so many hour. i hear nancy pelosi, democrats leader in the house also weighing in? >> reporter: she. behind closed doors for most of the day meeting with democratic leadership and came out a short time ago and, of course, was asked the question on everyones mind. do you have a deal? have you signed on to a deal? while she wouldnt endorse a deal, she wouldnt shoo...

already for so many people. so its unbelievable. we just dont know. were at a point where there is a lot of concern because it is so uncertain. and people are following it, theyre talking about it. >> and theyll be doing that for the next two hours. hope fly well have something by the beginning of next week. live from studio 7, want to get you up to speed for this friday, july 29th. were will thalmost out of time. those words from president obama. the deadline for raising the country...

hour. the details just coming in. an awol muslim american soldier now in custody in texas found with what the fbi is now saying is a large amount of bomb-making material near ft. hood. barbara starr is all over the story and will join nus a few minutes. first, debt debate but no deal. it all comes down to numbers. i dont mean 13-digit numbers with dollar signs in front of them. i mean this number. take a look here. five days until the treasury says it will run out of borrowed money. fi...